ValuEngine upgraded shares of AstraZeneca (NYSE:AZN) from a buy rating to a strong-buy rating in a research note released on Monday.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded AstraZeneca from a neutral rating to an overweight rating in a report on Friday, December 29th. Zacks Investment Research upgraded AstraZeneca from a sell rating to a hold rating in a report on Wednesday, January 10th. BMO Capital Markets set a $38.00 price target on AstraZeneca and gave the company a buy rating in a report on Wednesday, January 10th. Leerink Swann reiterated a market perform rating and issued a $36.00 price target (up previously from $33.00) on shares of AstraZeneca in a report on Thursday, January 18th. Finally, Sanford C. Bernstein boosted their price target on AstraZeneca from $40.00 to $42.00 and gave the company an outperform rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $36.32.

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Shares of AstraZeneca stock opened at $34.61 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $87,562.21, a P/E ratio of 14.60, a P/E/G ratio of 2.06 and a beta of 0.71. AstraZeneca has a twelve month low of $28.43 and a twelve month high of $36.70.

AstraZeneca (NYSE:AZN) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.86. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.49 billion. AstraZeneca had a return on equity of 34.74% and a net margin of 13.36%. AstraZeneca’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. research analysts expect that AstraZeneca will post 1.69 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, February 16th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 5.62%. AstraZeneca’s dividend payout ratio is currently 57.81%.

Institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. purchased a new stake in AstraZeneca during the fourth quarter worth $101,000. Valeo Financial Advisors LLC purchased a new stake in AstraZeneca during the third quarter worth $133,000. Delpha Capital Management LLC purchased a new stake in AstraZeneca during the fourth quarter worth $152,000. Calton & Associates Inc. purchased a new stake in shares of AstraZeneca during the 4th quarter valued at $181,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of AstraZeneca during the 3rd quarter valued at $184,000. Institutional investors own 15.13% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AstraZeneca (NYSE:AZN)

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