Haleon (NYSE:HLN) Shares Gap Up – Here’s Why

Haleon plc (NYSE:HLN) shares gapped up before the market opened on Friday . The stock had previously closed at $9.79, but opened at $10.20. Haleon shares last traded at $10.11, with a volume of 1,391,381 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley cut Haleon from an “overweight” rating to an “equal weight” rating in a report on Friday, January 10th. Sanford C. Bernstein cut Haleon from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Haleon presently has an average rating of “Moderate Buy” and a consensus target price of $10.95.

Haleon Stock Up 3.9 %

The firm has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $9.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.58. The stock has a market capitalization of $46.06 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.82 and a beta of 0.28.

Haleon (NYSE:HLN) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter. Haleon had a return on equity of 14.76% and a net margin of 10.85%. The firm had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.38 billion. On average, sell-side analysts forecast that Haleon plc will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HLN. Brucke Financial Inc. bought a new stake in Haleon in the fourth quarter valued at about $96,000. Forum Financial Management LP increased its holdings in shares of Haleon by 52.2% in the fourth quarter. Forum Financial Management LP now owns 30,705 shares of the company’s stock worth $293,000 after acquiring an additional 10,530 shares in the last quarter. Vise Technologies Inc. raised its position in shares of Haleon by 21.5% during the fourth quarter. Vise Technologies Inc. now owns 59,125 shares of the company’s stock worth $564,000 after purchasing an additional 10,468 shares during the period. Principal Street Partners LLC bought a new stake in Haleon during the 4th quarter worth approximately $472,000. Finally, Wolverine Trading LLC acquired a new stake in Haleon during the 4th quarter worth approximately $208,000. Institutional investors own 6.67% of the company’s stock.

About Haleon

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.