AstraZeneca (NYSE:AZN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other brokerages have also recently weighed in on AZN. BMO Capital Markets reaffirmed a “buy” rating and issued a $41.00 price objective on shares of AstraZeneca in a research note on Friday, May 25th. Zacks Investment Research cut AstraZeneca from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. Morningstar reaffirmed a “hold” rating on shares of AstraZeneca in a research note on Tuesday, June 12th. Finally, Jefferies Financial Group cut AstraZeneca from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. AstraZeneca presently has an average rating of “Hold” and an average target price of $38.94.

Shares of NYSE AZN opened at $37.18 on Friday. AstraZeneca has a twelve month low of $31.71 and a twelve month high of $39.76. The company has a quick ratio of 0.54, a current ratio of 0.72 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $93.89 billion, a PE ratio of 8.69, a PEG ratio of 2.00 and a beta of 0.60.

AstraZeneca (NYSE:AZN) last issued its quarterly earnings data on Thursday, July 26th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.38. AstraZeneca had a return on equity of 29.89% and a net margin of 11.98%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. research analysts anticipate that AstraZeneca will post 1.68 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in AZN. Bessemer Group Inc. boosted its holdings in AstraZeneca by 64.3% in the second quarter. Bessemer Group Inc. now owns 4,651 shares of the company’s stock valued at $163,000 after purchasing an additional 1,820 shares during the period. FNY Investment Advisers LLC purchased a new position in AstraZeneca in the second quarter valued at $175,000. Tiverton Asset Management LLC purchased a new position in AstraZeneca in the second quarter valued at $178,000. Gilman Hill Asset Management LLC purchased a new position in AstraZeneca in the second quarter valued at $205,000. Finally, Independent Advisor Alliance purchased a new position in AstraZeneca in the second quarter valued at $206,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About AstraZeneca

AstraZeneca PLC discovers, develops, and commercializes prescription medicines for the treatment of oncology, cardiovascular and metabolic, respiratory, gastrointestinal, neuroscience, and infection diseases worldwide. Its marketed products include Arimidex, Casodex/Cosudex, Calquence, Faslodex, Imfinzi, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor2, Plendil, Seloken/Toprol-XL4, Tenormin5, and Zestril6 for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Qtern, Symlin, Xigduo, and Xigduo XR for metabolic diseases.

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Analyst Recommendations for AstraZeneca (NYSE:AZN)

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