At the time of writing, Royalty Pharma plc [RPRX] stock is trading at $31.33, up 0.97%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RPRX shares have gain 4.71% over the last week, with a monthly amount glided 7.63%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Royalty Pharma Reports Q4 and Full Year 2023 Results. In a post published today on Yahoo Finance, Portfolio Receipts of $736 million in Q4 2023 and $3,049 million for FY 2023.
From an analyst’s perspective:
Previously, Scotiabank started tracking the stock with Sector Outperform rating on May 13, 2022, and set its price target to $53. On April 27, 2022, Goldman initiated with a Buy rating and assigned a price target of $56 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $50 on April 14, 2022. Citigroup upgraded its rating to Buy for this stock on October 29, 2021, but kept the price target unchanged to $50. In a note dated July 30, 2021, Tigress Financial initiated an Buy rating and provided a target price of $50 on this stock.
For the past year, the stock price of Royalty Pharma plc fluctuated between $25.92 and $38.19. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. Royalty Pharma plc [NASDAQ: RPRX] shares were valued at $31.33 at the most recent close of the market. An investor can expect a potential return of 56.4% based on the average RPRX price forecast.
Analyzing the RPRX fundamentals
According to Royalty Pharma plc [NASDAQ:RPRX], the company’s sales were 2.35B for trailing twelve months, which represents an 5.30% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.96 points at the first support level, and at 30.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.65, and for the 2nd resistance point, it is at 31.98.
Royalty Pharma plc [RPRX] reported earnings per share of $1.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.01/share, meaning a difference of $0.14 and a surprise factor of 13.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.79 per share as compared to estimates of $0.76 per share, a difference of $0.03 representing a surprise of 3.90%.
Ratios To Look Out For
It is important to note that Royalty Pharma plc [NASDAQ:RPRX] has a current ratio of 7.90. Also, the Quick Ratio is 7.90, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 5.94, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 12.36.
Transactions by insiders
Recent insider trading involved RIGGS RORY B, Director, that happened on Jan 04 when 35702.0 shares were sold. Director, RIGGS RORY B completed a deal on Jan 03 to sell 0.2 million shares. Meanwhile, Director RIGGS RORY B sold 0.24 million shares on Jan 02.
