Economy

Berenberg Bank Analysts Give AstraZeneca plc (AZN) a GBX 5800 Price Target

Berenberg Bank Analysts Give AstraZeneca plc (AZN) a GBX 5800 Price Target”

Beacon Investment Advisory Services Inc. raised its position in Astrazeneca PLC by 0.7% in the first quarter. WFG Advisors LP now owns 3,716 shares of the company's stock worth $127,000 after purchasing an additional 984 shares during the period. WFG Advisors LP boosted its position in shares of Astrazeneca PLC by 36.0% in the second quarter. Institutional investors and hedge funds own 14.17% of the company's stock. Meeder Asset Management Inc. bought a new position in shares of Astrazeneca PLC in the second quarter worth approximately $105,000. Janus Capital Management LLC claims 696,253 shares worth $21,681,000. As of the end of the quarter Next Financial Group, Inc had bought a total of 115 shares growing its position 1.8%. BlackRock Inc. now owns 6,910,657 shares of the company's stock valued at $215,198,000 after purchasing an additional 6,908,257 shares during the period.

A number of other research analysts have also recently issued reports on AZN.

On July 28 the company was rated "Equal-Weight" in a report from Morgan Stanley a cut from the previous "Overweight" rating.

On September 22 the stock rating was upgraded from " to "Outperform" in an announcement from Bernstein. Berenberg Bank upped their price objective on AstraZeneca plc from GBX 5,670 ($76.45) to GBX 5,850 ($78.87) and gave the company a buy rating in a research note on Wednesday, May 17th. On September 14 the company was downgraded to "Hold" from " in a report issued by Liberum. BMO Capital Markets' target price would indicate a potential upside of 11.93% from the company's current price.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Equities Focus and is owned by of Equities Focus.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Week Herald and is the sole property of of Week Herald. The correct version of this piece can be read at https://baseballnewssource.com/markets/berenberg-bank-analysts-give-astrazeneca-plc-azn-a-gbx-5800-price-target/1659968.html.

Yesterday AstraZeneca (NYSE:AZN) traded 3.08% higher at $32.81. Trading volume was up 96.06% over the stocks average daily volume. The firm has a market cap of $85.96 billion, a price-to-earnings ratio of 22.27 and a beta of 0.74. While the company's share hit the 52 week high on 06/22/17 stationing the value of $35.60. The stock has a 50 day moving average price of GBX 4,574.46 and a 200 day moving average price of GBX 4,884.61. Trading volume for Astrazeneca PLC was 8,170K on Friday.

The move comes after 8 months positive chart setup for the $87.36B company. This is an increase of 1,510% compared to the typical daily volume of 513 put options. Now the P/E of AstraZeneca PLC (AZN) stands at 21.47. The dividend was $0.225 per share for the quarter or $0.90 annualized. Astrazeneca PLC had a net margin of 17.80% and a return on equity of 35.90%. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.04 billion. Analysts expect next quarter's EPS will be $0.45 and the next full year EPS is anticipated to be $1.69. The value of the investment in Astrazeneca PLC increased from $2,537,000 to $124,285,000 a change of 4,798.9% since the last quarter.

Yet another important factor while evaluating a good buy/sell decision for AstraZeneca PLC (AZN) is its Earnings per Share or EPS. Astrazeneca PLC also recently declared a dividend for shareholders that was paid on Mon Sep 11, 2017. Stockholders of record on Thursday, August 10th were issued a dividend of GBX 68.90 ($0.93) per share. More interesting news about AstraZeneca plc (ADR) (NYSE:AZN) were released by: Benzinga.com and their article: "Benzinga's Top Upgrades, Downgrades For September 22, 2017" published on September 22, 2017 as well as Benzinga.com's news article titled: "4 Reasons To Buy, 2 Controversies Surrounding AstraZeneca" with publication date: September 22, 2017. This represents a dividend yield of 1.35%. Astrazeneca PLC's payout ratio is now 44.92%.

AstraZeneca PLC is a biopharmaceutical company. The Firm focuses on discovery and development of products, which are then manufactured, marketed and sold.



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