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A Glimpse Into The Expert Outlook On Halozyme Therapeutics Through 8 Analysts

Author: Benzinga Insights | June 04, 2024 08:00am

8 analysts have shared their evaluations of Halozyme Therapeutics (NASDAQ:HALO) during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 7 1 0 0 0
Last 30D 1 0 0 0 0
1M Ago 3 1 0 0 0
2M Ago 3 0 0 0 0
3M Ago 0 0 0 0 0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $52.62, with a high estimate of $71.00 and a low estimate of $50.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 8.22%.

price target chart

Diving into Analyst Ratings: An In-Depth Exploration

The standing of Halozyme Therapeutics among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 $50.00
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 $50.00
Jason Butler JMP Securities Lowers Market Outperform $71.00 $72.00
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 -
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 -
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 -
Mitchell Kapoor HC Wainwright & Co. Maintains Buy $50.00 -
Robert Wasserman Benchmark Maintains Buy $50.00 -

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Halozyme Therapeutics. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Halozyme Therapeutics compared to the broader market.
  • Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Halozyme Therapeutics's stock. This comparison reveals trends in analysts' expectations over time.

To gain a panoramic view of Halozyme Therapeutics's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Halozyme Therapeutics analyst ratings.

Get to Know Halozyme Therapeutics Better

Halozyme Therapeutics Inc is a biotechnology company focused on developing and commercializing novel oncology therapies. The company seeks to create therapies focused on human enzymes that alter tumors. Halozyme focuses on developing its proprietary products in therapeutic areas with unmet medical needs, with a focus on oncology, and licensing its technology to biopharmaceutical companies to collaboratively develop products. The company's operations are based in the United States, with minimal long-lived assets located internationally.

Halozyme Therapeutics: A Financial Overview

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Halozyme Therapeutics displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 20.81%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Health Care sector.

Net Margin: Halozyme Therapeutics's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 39.22% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Halozyme Therapeutics's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 58.73% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Halozyme Therapeutics's ROA excels beyond industry benchmarks, reaching 4.3%. This signifies efficient management of assets and strong financial health.

Debt Management: With a high debt-to-equity ratio of 8.44, Halozyme Therapeutics faces challenges in effectively managing its debt levels, indicating potential financial strain.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: HALO