BMO Capital Markets Reaffirms Buy Rating for Astrazeneca PLC (AZN)

Astrazeneca PLC (NYSE:AZN)‘s stock had its “buy” rating restated by investment analysts at BMO Capital Markets in a report issued on Tuesday, November 7th. They presently have a $38.00 target price on the stock. BMO Capital Markets’ target price would indicate a potential upside of 12.29% from the stock’s previous close.

Several other brokerages have also recently weighed in on AZN. Sanford C. Bernstein reissued a “buy” rating on shares of Astrazeneca in a research report on Friday, September 22nd. Investec raised shares of Astrazeneca from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Leerink Swann lowered shares of Astrazeneca from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $36.00 to $31.00 in a research note on Thursday, July 27th. Argus reiterated a “buy” rating and issued a $35.00 price target on shares of Astrazeneca in a research note on Friday, September 1st. Finally, Goldman Sachs Group Inc restated a “sell” rating on shares of Astrazeneca in a research note on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.20.

Astrazeneca (AZN) traded up $0.02 during trading on Tuesday, reaching $33.84. 955,937 shares of the company were exchanged, compared to its average volume of 2,901,476. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a market cap of $85,679.36, a price-to-earnings ratio of 8.08, a PEG ratio of 3.20 and a beta of 0.75. Astrazeneca has a twelve month low of $25.55 and a twelve month high of $35.60.

Astrazeneca (NYSE:AZN) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.55. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6 billion. Astrazeneca had a net margin of 15.90% and a return on equity of 34.02%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. research analysts anticipate that Astrazeneca will post 1.93 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in AZN. Meeder Asset Management Inc. purchased a new position in Astrazeneca during the second quarter worth $105,000. WFG Advisors LP boosted its stake in shares of Astrazeneca by 36.0% during the second quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock valued at $127,000 after purchasing an additional 984 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Astrazeneca during the third quarter valued at $133,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Astrazeneca by 71.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,252 shares of the company’s stock valued at $145,000 after purchasing an additional 1,769 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Astrazeneca by 18.4% in the second quarter. Quadrant Capital Group LLC now owns 5,437 shares of the company’s stock worth $147,000 after acquiring an additional 846 shares during the period. Hedge funds and other institutional investors own 14.44% of the company’s stock.

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Astrazeneca Company Profile

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

Analyst Recommendations for Astrazeneca (NYSE:AZN)

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