Brokerages Set AstraZeneca plc (AZN) Target Price at $36.32

AstraZeneca plc (NYSE:AZN) has received a consensus recommendation of “Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $38.12.

A number of research analysts have recently commented on the stock. BMO Capital Markets set a $40.00 price target on shares of AstraZeneca and gave the stock a “buy” rating in a report on Thursday, March 22nd. Leerink Swann upped their price target on shares of AstraZeneca from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, February 6th. Sanford C. Bernstein upped their price objective on shares of AstraZeneca from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. ValuEngine lowered shares of AstraZeneca from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of AstraZeneca from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd.

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AZN stock opened at $35.79 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93. AstraZeneca has a twelve month low of $28.43 and a twelve month high of $36.70. The firm has a market cap of $89,715.17, a price-to-earnings ratio of 8.28, a PEG ratio of 1.84 and a beta of 0.62.



AstraZeneca (NYSE:AZN) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.86. AstraZeneca had a net margin of 13.36% and a return on equity of 34.74%. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.49 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. analysts anticipate that AstraZeneca will post 1.7 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, February 16th were given a dividend of $0.95 per share. This represents a dividend yield of 5.62%. The ex-dividend date was Thursday, February 15th. AstraZeneca’s payout ratio is 32.01%.

Institutional investors have recently made changes to their positions in the stock. Commerce Bank increased its holdings in AstraZeneca by 14.7% in the 4th quarter. Commerce Bank now owns 11,548 shares of the company’s stock worth $400,000 after buying an additional 1,480 shares during the period. M&T Bank Corp increased its holdings in AstraZeneca by 0.5% in the 4th quarter. M&T Bank Corp now owns 317,119 shares of the company’s stock worth $11,003,000 after buying an additional 1,676 shares during the period. TIAA FSB increased its holdings in AstraZeneca by 6.7% in the 4th quarter. TIAA FSB now owns 27,087 shares of the company’s stock worth $940,000 after buying an additional 1,692 shares during the period. First Allied Advisory Services Inc. increased its holdings in AstraZeneca by 7.6% in the 4th quarter. First Allied Advisory Services Inc. now owns 23,845 shares of the company’s stock worth $825,000 after buying an additional 1,694 shares during the period. Finally, Logan Capital Management Inc. increased its holdings in AstraZeneca by 7.0% in the 4th quarter. Logan Capital Management Inc. now owns 26,040 shares of the company’s stock worth $904,000 after buying an additional 1,710 shares during the period. 15.14% of the stock is owned by hedge funds and other institutional investors.

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About AstraZeneca

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 (NYSE:AZN)

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