Jazz Pharmaceuticals plc (NASDAQ: JAZZ): Analyst View Points To Future Growth

Jazz Pharmaceuticals plc (JAZZ) concluded trading on Wednesday at a closing price of $108.64, with 4.22 million shares of worth about $458.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.26% during that period and on September 04, 2024 the price saw a loss of about -0.62%. Currently the company’s common shares owned by public are about 62.26M shares, out of which, 59.64M shares are available for trading.

Stock saw a price change of -5.38% in past 5 days and over the past one month there was a price change of -2.65%. Year-to-date (YTD), JAZZ shares are showing a performance of -11.67% which decreased to -24.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $99.06 but also hit the highest price of $143.32 during that period. The average intraday trading volume for Jazz Pharmaceuticals plc shares is 663.35K. The stock is currently trading -3.70% below its 20-day simple moving average (SMA20), while that difference is down -0.93% for SMA50 and it goes to -5.89% lower than SMA200.

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Jazz Pharmaceuticals plc (NASDAQ: JAZZ) currently have 62.26M outstanding shares and institutions hold larger chunk of about 94.79% of that.

The stock has a current market capitalization of $6.71B and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 19.41, while it has posted earnings per share of $5.60 in the same period. Its PEG reads 4.00 and has Quick Ratio of 1.90 while making debt-to-equity ratio of 1.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for JAZZ, volatility over the week remained 2.52% while standing at 2.31% over the month.

Stock’s fiscal year EPS is expected to rise by 6.83% while it is estimated to increase by 10.39% in next year. EPS is likely to grow at an annualized rate of 4.85% for next 5-years, compared to annual growth of -3.53% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 05, 2024 offering a Buy rating for the stock and assigned a target price of $169 to it. Coverage by Robert W. Baird stated Jazz Pharmaceuticals plc (JAZZ) stock as an Outperform in their note to investors on January 03, 2024, suggesting a price target of $160 for the stock. Stock get an Equal weight rating from Wells Fargo on June 12, 2023.

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