Leerink Swann cut shares of Astrazeneca PLC (NYSE:AZN) from an outperform rating to a market perform rating in a research report report published on Thursday, MarketBeat reports. They currently have $31.00 price target on the stock, down from their previous price target of $36.00. Leerink Swann also issued estimates for Astrazeneca PLC’s FY2017 earnings at $1.86 EPS, FY2019 earnings at $1.96 EPS and FY2020 earnings at $2.17 EPS.

AZN has been the topic of a number of other research reports. UBS AG lowered shares of Astrazeneca PLC from a buy rating to a neutral rating and cut their target price for the company from $35.44 to $25.55 in a research report on Wednesday, April 5th. BidaskClub lowered shares of Astrazeneca PLC from a hold rating to a sell rating in a research report on Monday, July 24th. Jefferies Group LLC restated a hold rating on shares of Astrazeneca PLC in a research report on Monday, April 10th. Barclays PLC restated an overweight rating on shares of Astrazeneca PLC in a research report on Thursday, July 13th. Finally, Zacks Investment Research lowered shares of Astrazeneca PLC from a strong-buy rating to a sell rating in a research report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Astrazeneca PLC presently has a consensus rating of Hold and an average price target of $33.39.

Astrazeneca PLC (NYSE AZN) opened at 30.27 on Thursday. The stock has a 50 day moving average of $33.80 and a 200-day moving average of $31.30. The company has a market cap of $76.64 billion, a PE ratio of 19.86 and a beta of 0.77. Astrazeneca PLC has a 1-year low of $25.55 and a 1-year high of $35.60.

Astrazeneca PLC (NYSE:AZN) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.46. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $5.04 billion. Astrazeneca PLC had a net margin of 17.80% and a return on equity of 35.90%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. On average, equities research analysts predict that Astrazeneca PLC will post $1.85 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in AZN. Oliver Luxxe Assets LLC increased its position in shares of Astrazeneca PLC by 3.2% in the first quarter. Oliver Luxxe Assets LLC now owns 119,085 shares of the company’s stock worth $3,708,000 after buying an additional 3,662 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of Astrazeneca PLC during the first quarter worth $8,242,000. Teachers Advisors LLC increased its position in shares of Astrazeneca PLC by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 787,179 shares of the company’s stock worth $21,506,000 after buying an additional 30,104 shares in the last quarter. Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Astrazeneca PLC during the first quarter worth $890,000. Finally, Wells Fargo & Company MN increased its position in shares of Astrazeneca PLC by 41.6% in the first quarter. Wells Fargo & Company MN now owns 4,068,018 shares of the company’s stock worth $126,678,000 after buying an additional 1,195,361 shares in the last quarter. 14.39% of the stock is owned by institutional investors and hedge funds.

About Astrazeneca PLC

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.

Analyst Recommendations for Astrazeneca PLC (NYSE:AZN)

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