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Jefferies Thinks Horizon Therapeutics’ Stock is Going to Recover

Jefferies analyst Akash Tewari maintained a Buy rating on Horizon Therapeutics (HZNPResearch Report) yesterday and set a price target of $101.00. The company’s shares closed last Wednesday at $66.96, close to its 52-week low of $60.76.

According to TipRanks.com, Tewari is a 4-star analyst with an average return of 17.8% and a 61.9% success rate. Tewari covers the Healthcare sector, focusing on stocks such as Arvinas Holding Company, BioMarin Pharmaceutical, and Enanta Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Horizon Therapeutics with a $124.73 average price target, which is a 94.5% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $138.00 price target.

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Horizon Therapeutics’ market cap is currently $15.35B and has a P/E ratio of 20.68.

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Horizon Therapeutics Plc is a biopharmaceutical company, which is engages in the research, development, and marketing of pharmaceutical products. It operates through the Orphan and Rheumatology, and Inflammation segments. The Orphan and Rheumatology segment consists of medicines KRYSTEXXA, RAVICTI, PROCYSBI, ACTIMMUNE, BUPHENYL, QUINSAIR, and RAYOS. The Inflammation segment comprises of medicines PENNSAID 2%, DUEXIS, and VIMOVO. The company was founded in 2008 and is headquartered in Dublin, Ireland.

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