Shares of Astrazeneca Plc (NYSE:AZN – Get Free Report) have received an average rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $206.67.
AZN has been the topic of a number of research analyst reports. CICC Research began coverage on shares of Astrazeneca in a report on Sunday, August 23rd. They set an “outperform” rating and a $198.00 price objective on the stock. Bank of America reissued a “buy” rating on shares of Astrazeneca in a research report on Wednesday, July 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of Astrazeneca in a research note on Tuesday, June 30th. Nordea Equity Research upgraded Astrazeneca from a “sell” rating to a “buy” rating in a research note on Tuesday. Finally, Wall Street Zen cut Astrazeneca from a “buy” rating to a “hold” rating in a research report on Sunday.
Read Our Latest Analysis on Astrazeneca
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Astrazeneca Stock Up 4.1%
AZN stock opened at $162.21 on Monday. The firm has a 50 day moving average of $161.96 and a 200 day moving average of $176.37. The stock has a market capitalization of $251.57 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.32 and a beta of 0.27. The company has a quick ratio of 0.67, a current ratio of 0.89 and a debt-to-equity ratio of 0.47. Astrazeneca has a 52 week low of $153.41 and a 52 week high of $212.71.
Astrazeneca (NYSE:AZN – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.13. The business had revenue of $15.38 billion for the quarter, compared to analyst estimates of $15.44 billion. Astrazeneca had a net margin of 17.02% and a return on equity of 31.45%. Astrazeneca’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.17 EPS. Sell-side analysts forecast that Astrazeneca will post 9.38 earnings per share for the current year.
About Astrazeneca
AstraZeneca PLC is a global biopharmaceutical company headquartered in Cambridge, United Kingdom. Its research, development and commercial operations focus on prescription medicines for serious and chronic diseases, with an emphasis on discovering and delivering innovative therapies rather than operating as a diversified healthcare conglomerate.
The company’s principal therapeutic areas include oncology; cardiovascular, renal and metabolic diseases; respiratory and immunological conditions; and rare diseases.
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