Citigroup Maintains Horizon Pharma PLC to Neutral with Price Target $21.00

Brokerage firm Citigroup Maintains its rating on Horizon Pharma PLC(NASDAQ:HZNP). In a research note issued to the investors, the brokerage major Raises the price-target to $21.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 9, 2016.

In a different note, On Jul 11, 2016, Morgan Stanley said it Upgrades its rating on Horizon Pharma PLC. The shares have been rated ‘Equal-weight’ by the firm. BMO Capital said it Initiates Coverage on Horizon Pharma PLC, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Outperform’ by the firm. Goldman Sachs said it Initiates Coverage on Horizon Pharma PLC, according to a research note issued on Jun 6, 2016. The shares have been rated ‘Buy’ by the firm.

Horizon Pharma PLC (HZNP) shares turned negative on Wednesdays trading session with the shares closing down -0.22 points or -0.96% at a volume of 37,87,083. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.12. The peak price level was also seen at $23.12 while the days lowest was $22.06. Finally the shares closed at $22.61. The 52-week high of the shares is $32.34 while the 52-week low is $12.86. According to the latest information available, the market cap of the company is $3,638 M.

Horizon Pharma PLC(HZNP) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $257.38M. Analysts had an estimated revenue of $234.88M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Jeffrey W Sherman (EVP and Chief Medical Officer) sold 2,900 shares at $20.00 per share price.Also, On Jun 15, 2016, Virinder Nohria (director) sold 25,000 shares at $17.69 per share price.On Aug 21, 2015, Thomas Watkins (director) purchased 10,000 shares at $31.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Horizon Pharma plc formerly Vidara Therapeutics International Public Limited Company is a specialty biopharmaceutical company focused on identifying developing acquiring or in-licensing and commercializing differentiated products that address unmet medical needs. The Company markets a portfolio of products in arthritis inflammation and orphan diseases. The Company’s the United States marketed products are ACTIMMUNE (interferon gamma-1b) DUEXIS (ibuprofen/famotidine) PENNSAID (diclofenac sodium topical solution) 2% w/w (PENNSAID 2%) RAYOS (prednisone) delayed-release tablets and VIMOVO (naproxen/esomeprazole magnesium). The Company developed DUEXIS and RAYOS/LODOTRA has the United States rights to VIMOVO has the United States rights to ACTIMMUNE and has the United States rights to PENNSAID 2%.

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