BMO Capital Markets Analysts Give AstraZeneca (NYSE:AZN) a $38.00 Price Target

BMO Capital Markets set a $38.00 target price on AstraZeneca (NYSE:AZN) in a research note issued to investors on Wednesday, January 10th. The brokerage currently has a buy rating on the stock.

AZN has been the subject of several other reports. Zacks Investment Research raised shares of AstraZeneca from a sell rating to a hold rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. upgraded shares of AstraZeneca from a neutral rating to an overweight rating in a research report on Friday, December 29th. Leerink Swann lifted their price target on shares of AstraZeneca from $31.00 to $34.00 and gave the company a market perform rating in a report on Monday, October 23rd. Citigroup raised shares of AstraZeneca to a buy rating in a report on Wednesday, October 18th. Finally, Cowen reissued a hold rating and issued a $37.00 target price on shares of AstraZeneca in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $34.48.

Shares of AstraZeneca (AZN) traded up $0.76 during mid-day trading on Wednesday, hitting $35.90. 7,474,899 shares of the company were exchanged, compared to its average volume of 3,330,000. AstraZeneca has a 12 month low of $26.98 and a 12 month high of $36.70. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market cap of $89,690.00, a PE ratio of 25.64, a P/E/G ratio of 2.72 and a beta of 0.74.

AstraZeneca (NYSE:AZN) last released its earnings results on Friday, February 2nd. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.86. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.49 billion. AstraZeneca had a net margin of 15.90% and a return on equity of 34.02%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. sell-side analysts anticipate that AstraZeneca will post 1.93 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in AZN. WFG Advisors LP raised its stake in AstraZeneca by 36.0% during the second quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock valued at $127,000 after purchasing an additional 984 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in AstraZeneca during the third quarter valued at $133,000. Quadrant Capital Group LLC raised its stake in AstraZeneca by 18.4% during the second quarter. Quadrant Capital Group LLC now owns 5,437 shares of the company’s stock valued at $147,000 after purchasing an additional 846 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in AstraZeneca during the third quarter valued at $184,000. Finally, FTB Advisors Inc. raised its stake in AstraZeneca by 3.2% during the second quarter. FTB Advisors Inc. now owns 6,471 shares of the company’s stock valued at $197,000 after purchasing an additional 200 shares in the last quarter. 14.73% of the stock is currently owned by institutional investors.

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AstraZeneca Company Profile

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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