AstraZeneca plc (AZN) Receives $45.29 Consensus Target Price from Analysts

Shares of AstraZeneca plc (NYSE:AZN) have received an average rating of “Hold” from the twenty ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $45.29.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of AstraZeneca from a “buy” rating to a “hold” rating in a research note on Thursday, March 28th. Main First Bank reissued a “buy” rating on shares of AstraZeneca in a research note on Tuesday, March 19th. Goldman Sachs Group reissued a “sell” rating on shares of AstraZeneca in a research note on Tuesday, February 26th. Deutsche Bank restated a “buy” rating on shares of AstraZeneca in a report on Tuesday, February 26th. Finally, HSBC restated a “sell” rating on shares of AstraZeneca in a report on Thursday, February 28th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of AstraZeneca in the first quarter worth about $28,000. Berman Capital Advisors LLC bought a new position in shares of AstraZeneca in the fourth quarter worth about $38,000. Pinnacle Bank bought a new position in shares of AstraZeneca in the fourth quarter worth about $38,000. Portfolio Solutions LLC bought a new position in shares of AstraZeneca in the fourth quarter worth about $40,000. Finally, Sontag Advisory LLC bought a new position in AstraZeneca during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 18.32% of the company’s stock.



Shares of AZN traded down $0.02 during midday trading on Friday, hitting $37.78. The stock had a trading volume of 1,716,300 shares, compared to its average volume of 5,454,919. AstraZeneca has a 1 year low of $34.38 and a 1 year high of $43.29. The company has a market cap of $95.44 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.16 and a beta of 0.47. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

AstraZeneca (NYSE:AZN) last announced its earnings results on Friday, April 26th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. AstraZeneca had a net margin of 10.75% and a return on equity of 37.91%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts predict that AstraZeneca will post 1.79 earnings per share for the current fiscal year.

About AstraZeneca

AstraZeneca PLC discovers, develops, and commercializes prescription medicines in the areas of oncology, cardiovascular, renal and metabolism, respiratory, autoimmunity, infection, neuroscience, and gastroenterology worldwide. Its marketed products include Arimidex, Casodex/Cosudex, Calquence, Faslodex, Imfinzi, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor, Plendil, Seloken/Toprol-XL, Tenormin, and Zestril for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Qtern, Symlin, Xigduo, and Xigduo XR for metabolic diseases.

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Analyst Recommendations for AstraZeneca (NYSE:AZN)

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