Economy

AstraZeneca plc (AZN) Earns Overweight Rating from Barclays PLC

AstraZeneca plc (AZN) Earns Overweight Rating from Barclays PLC”

The stock of Astrazeneca Plc (NYSE:AZN) registered a decrease of 25.05% in short interest. Trading volume was down 83.97% under the stocks average daily volume.

A number of other equities research analysts have also recently issued reports on the stock. AstraZeneca PLC (AZN) has the market capitalization of 86.97 Billion. The stock decreased 1.02% or $0.55 during the last trading session, reaching $53.31.

04/10/2017 - Astrazeneca PLC was downgraded to "hold" by analysts at Jefferies. The Mckinley Capital Management Inc holds 80,662 shares with $2.75M value, down from 92,606 last quarter. Wells Fargo & Company MN boosted its position in AstraZeneca plc by 41.6% in the first quarter. The stock was bought at an average cost of GBX 4,370 ($57.97) per share, for a total transaction of £1,704.30 ($2,260.64). Morgan Stanley now owns 2,436,679 shares of the company's stock valued at $80,069,000 after buying an additional 321,682 shares during the last quarter.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 15 Percent.

AstraZeneca plc (LON:AZN) opened at 5100.00 on Thursday. Archford Capital Strategies Llc sold 49,196 shares as the company's stock rose 16.26% with the market. The stock is now moving above its 20-Day Simple Moving Average of 3.1% with a 50-Day Simple Moving Average of 10.04 percent. AstraZeneca plc has a 12-month low of $25.55 and a 12-month high of $35.04. The company was initiated on Friday, February 26 by Cantor Fitzgerald. As of the last earnings report the EPS was $1.52 and is expected to be $1.91 for the current year with 2,532,000,000 shares outstanding. The return on assets stands at 6.1%, Return on Equity now is 28.4% and the Return on Investment value is 15%. This translates into $1.25 billion profit for AZN giving the stock a 17.07 P/E. The business's revenue was down 11.6% compared to the same quarter a year ago.

For the current quarter, 3 analysts are projecting a mean EPS of $0.55/share.

Several research firms have weighed in on AZN.

Among 23 analysts covering AstraZeneca plc (ADR) (NYSE:AZN), 12 have Buy rating, 0 Sell and 11 Hold. Liberum Capital reiterated a buy rating and issued a GBX 4,800 ($63.67) price objective on shares of AstraZeneca plc in a research report on Tuesday, September 5th.

07/13/2017 - Astrazeneca PLC had its "sell" rating reiterated by analysts at Goldman Sachs. Barclays PLC began coverage on shares of AstraZeneca plc in a research report on Tuesday, March 7th. They now have a United States dollars 31 price target on the stock. The stock of AstraZeneca plc (ADR) (NYSE:AZN) has "Overweight" rating given on Friday, September 23 by Piperjaffray. The brokerage now has a GBX 6,300 ($83.57) price objective on the biopharmaceutical company's stock.

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. They are engaged in the research, development, manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products, and the supply of healthcare services. 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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