Haleon plc ADR (NYSE: HLN) Stock Forecast: $9.15 Per Share In 2024 With Positive Signs

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In today’s recent session, 1.38 million shares of the Haleon plc ADR (NYSE:HLN) have been traded, and its beta is 0.25. Most recently the company’s share price was $10.70, and it changed around $0.05 or 0.47% from the last close, which brings the market valuation of the company to $48.79B. HLN at last check was trading at a discount to its 52-week high of $10.66, offering almost 0.37% off that amount. The share price’s 52-week low was $7.70, which indicates that the recent value has risen by an impressive 28.04% since then. We note from Haleon plc ADR’s average daily trading volume that its 10-day average is 3.35 million shares, with the 3-month average coming to 3.87 million.

Haleon plc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.06. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended HLN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Haleon plc ADR is expected to report earnings per share of 0.11 for the current quarter.

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Haleon plc ADR (NYSE:HLN) trade information

Instantly HLN has been showing a green trend so far today with a performance of 0.47% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.76 on recent trading dayincreased the stock’s daily price by 0.56%. The company’s shares are currently up 30.01% year-to-date, but still up 2.59% over the last five days. On the other hand, Haleon plc ADR (NYSE:HLN) is 9.52% up in the 30-day period. We can see from the shorts that 14.03 million shares have been sold at a short interest cover period of 2.64 day(s).

The consensus price target as assigned by Wall Street analysts is $9.15, which translates to bulls needing to decrease their stock price by -16.94% from its current value. Analyst projections state that HLN is forecast to be at a low of $9.15 and a high of $9.15.

Haleon plc ADR (HLN) estimates and forecasts

Haleon plc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 27.68 percent over the past six months and at a 64.29% annual growth rate that is well above the industry average of 13.50%. The year-over-year growth rate is expected to be 5.30%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.87B in revenue for the current quarter. 1 analysts expect Haleon plc ADR to make 11.45B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.56B and 3.51B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.80%. Forecasts for the next quarter put sales growth at 225.90%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.68%. Haleon plc ADR earnings are expected to increase by 6.70% in 2024, but the outlook is positive 7.80% per year for the next five years.

HLN Dividends

Haleon plc ADR’s next quarterly earnings report is expected to be released on 2024-Aug-01. The annual dividend yield of the stock is 1.48 percent and its annual dividend per share was 0.16. It is important to note, however, that the 1.48% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Haleon plc ADR (NYSE:HLN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.34% of Haleon plc ADR shares, and 11.50% of them are in the hands of institutional investors. The stock currently has a share float of 12.02%. Haleon plc ADR stock is held by 672.0 institutions, with DODGE & COX being the largest institutional investor. By 2024-06-30, it held 3.9186% of the shares, which is about 180.17 million shares worth $1.49 billion.

FMR LLC, with 2.1565% or 99.15 million shares worth $818.98 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Dodge & Cox Stock Fund and Dodge & Cox Balanced Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 130.11 shares worth $1.38 billion, making up 2.85% of all outstanding shares. On the other hand, Dodge & Cox Balanced Fund held roughly 14.87 shares worth around $158.17 million, which represents about 0.33% of the total shares outstanding.