AstraZeneca (AZN) Earns “Market Perform” Rating from Leerink Swann
AstraZeneca (NYSE:AZN)‘s stock had its “market perform” rating restated by equities research analysts at Leerink Swann in a research note issued on Thursday, Marketbeat.com reports. They currently have a $36.00 target price on the stock, up from their prior target price of $33.00. Leerink Swann’s price target points to a potential upside of 1.58% from the stock’s previous close. Leerink Swann also issued estimates for AstraZeneca’s FY2022 earnings at $3.15 EPS.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of AstraZeneca from a “neutral” rating to an “overweight” rating in a research report on Friday, December 29th. Zacks Investment Research downgraded shares of AstraZeneca from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Credit Suisse Group raised shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a research report on Monday, October 16th. BMO Capital Markets set a $38.00 target price on shares of AstraZeneca and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of AstraZeneca in a research report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. AstraZeneca presently has an average rating of “Hold” and a consensus target price of $34.48.
AstraZeneca (NYSE AZN) opened at $35.44 on Thursday. AstraZeneca has a one year low of $26.51 and a one year high of $35.92. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The company has a market cap of $88,812.73, a PE ratio of 8.37, a PEG ratio of 2.59 and a beta of 0.72.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZN. Russell Investments Group Ltd. boosted its holdings in AstraZeneca by 198.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,856,140 shares of the company’s stock worth $62,883,000 after acquiring an additional 1,235,239 shares during the period. Sector Gamma AS purchased a new position in AstraZeneca in the 3rd quarter worth approximately $25,094,000. Janus Henderson Group PLC boosted its holdings in AstraZeneca by 5,754.0% in the 3rd quarter. Janus Henderson Group PLC now owns 726,599 shares of the company’s stock worth $24,617,000 after acquiring an additional 714,187 shares during the period. Voya Investment Management LLC boosted its holdings in AstraZeneca by 38.2% in the 2nd quarter. Voya Investment Management LLC now owns 2,395,465 shares of the company’s stock worth $81,661,000 after acquiring an additional 662,481 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in AstraZeneca by 103.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,224,939 shares of the company’s stock worth $41,501,000 after acquiring an additional 621,831 shares during the period. Hedge funds and other institutional investors own 14.75% 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.
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