Zacks Investment Research Downgrades Astellas Pharma (OTCMKTS:ALPMY) to Sell

Astellas Pharma (OTCMKTS:ALPMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “Astellas Pharma, Inc. is engaged in the research, development, manufacturing and marketing of pharmaceuticals drugs. Products offered by the Company include Prograf applicable for the prevention of rejection in organ transplants, Vesicare for treatment of overactive bladder, Protopic for the treatment of atopic dermatitis in the topical immunomodulator class, Harnal to treat the functional symptoms of benign prostatic hyperplasia (BPH), including weak urinary stream, frequent nighttime urination, and sensation of incomplete emptying of the bladder and Fungard an antifungal agent. Astellas Pharma, Inc. is headquartered in Tokyo, Japan. “

OTCMKTS ALPMY opened at $15.15 on Monday. The company has a fifty day moving average of $15.47 and a two-hundred day moving average of $15.52. The firm has a market capitalization of $28.21 billion, a price-to-earnings ratio of 21.96 and a beta of 0.63. Astellas Pharma has a 52 week low of $13.41 and a 52 week high of $18.43.

Astellas Pharma (OTCMKTS:ALPMY) last posted its quarterly earnings data on Tuesday, April 27th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.28). Astellas Pharma had a return on equity of 13.24% and a net margin of 11.03%. As a group, research analysts anticipate that Astellas Pharma will post 1.28 EPS for the current fiscal year.

Astellas Pharma Company Profile

Astellas Pharma Inc engages in the manufacture, marketing, import, and export of pharmaceuticals worldwide. It provides XTANDI, an androgen receptor signaling inhibitor for prostate cancer; XOSPATA, a FLT3 inhibitor for adult patients with relapsed or refractory acute myeloid leukemia with a FLT3 mutation-positive; PADCEV, a treatment solution for adult patients with locally advanced or metastatic urothelial cancer; Betanis/Myrbetriq/BETMIGA, a beta-3 adrenergic receptor agonist for the treatment of urgency, urinary frequency, and urge urinary incontinence; Evrenzo, an oral treatment for anemia associated with chronic kidney disease; and Prograf and Advagraf/Graceptor/ASTAGRAF, which are immunosuppressants used to suppress organ rejection following a transplant.

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