Economy

Goldman Sachs Group, Inc. (The) Reaffirms "Sell" Rating for AstraZeneca plc (AZN)

Goldman Sachs Group, Inc. (The) Reaffirms

In other AstraZeneca plc news, insider Nazneen Rahman acquired 39 shares of the business's stock in a transaction dated Thursday, July 27th. Profund Advisors LLC's holdings in Astrazeneca PLC were worth $1,546,000 at the end of the most recent quarter. The stock was trading at a distance of -8.05% from its 52-week highs and stands 28.12% away from its 52-week lows. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation. IL increased its position in Astrazeneca PLC by 62.3% in the second quarter.

Looking into last 5 trades, the stock observed a return of nearly -1.73%.

A number of analysts have issued reports on the company. Piper Jaffray Companies reissued a "buy" rating on shares of Astrazeneca PLC in a research report on Wednesday, August 9th. Kepler Capital Markets restated a buy rating and issued a GBX 5,500 ($74.15) price target on shares of AstraZeneca plc in a research report on Monday, June 5th. They issued an "outperform" rating and a $38.00 target price for the company. Deutsche Bank AG set a GBX 5,700 ($76.85) price target on shares of AstraZeneca plc and gave the company a buy rating in a research report on Monday, May 29th. Oddo & Cie maintained AstraZeneca plc (LON:AZN) on Tuesday, May 10 with "Buy" rating.

Several analysts have released their opinion on AstraZeneca PLC (NYSE:AZN), with 2 analysts believing it is a strong buy. The rating was maintained by Shore Capital with "Hold" on Thursday, September 14.

Investors and Traders continue to monitor technical levels of shares of AstraZeneca PLC (AZN). The third largest holder is Bank Of America Corp /De/, which now holds $1.5 billion worth of this stock and that ownership represents almost 1.83% of its market capitalization. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. After a recent check, it is observed that the insiders for the firm now own 0.50% shares. Astrazeneca PLC had a net margin of 17.80% and a return on equity of 35.90%. During the same quarter in the prior year, the firm earned $0.83 EPS. The company beat the analyst EPS Estimate with the difference of $-0.08. The shares were purchased at an average cost of GBX 4,370 ($58.92) per share, for a total transaction of £1,704.30 ($2,297.83). Astrazeneca PLC's dividend payout ratio (DPR) is presently 44.92%. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & global trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/09/19/astrazeneca-plc-azn-shares-sold-by-profund-advisors-llc.html.

Wellington Management Group Llp owns $1.95 billion in AstraZeneca PLC, which represents roughly 2.37% of the company's market cap and approximately 16.57% of the institutional ownership. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Firm 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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