Rating Alert: AstraZeneca (NYSE:AZN) Gets Better Rating From Liberum. What Is The Stock Target?

November 25, 2016 - By Peter Erickson

Rating Alert:  AstraZeneca (NYSE:AZN) Gets Better Rating From Liberum. What Is The Stock Target?

AstraZeneca (NYSE:AZN) Upgrade

Liberum gave AstraZeneca (NYSE:AZN) shares a new Buy rating in a a research report sent to investors and clients on Friday, 25 November. This is upgrade from the previous Hold rating.

AstraZeneca plc (ADR) (NYSE:AZN) Ratings Coverage

Out of 17 analysts covering AstraZeneca plc (ADR) (NYSE:AZN), 11 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 65% are positive. $50 is the highest target while $32 is the lowest. The $38.40 average target is 41.91% above today’s ($27.06) stock price. AstraZeneca plc (ADR) has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Nordea on Monday, November 2 to “Hold”. The company was upgraded on Friday, July 31 by Swedbank. On Friday, February 26 the stock rating was initiated by Cantor Fitzgerald with “Buy”. The firm earned “Underperform” rating on Tuesday, October 20 by Credit Suisse. BNP Paribas downgraded the stock to “Neutral” rating in Wednesday, September 14 report. The stock of AstraZeneca plc (ADR) (NYSE:AZN) earned “Hold” rating by Jefferies on Tuesday, March 15. The firm earned “Buy” rating on Friday, September 18 by Bryan Garnier & Cie. Oddo & Cie upgraded the shares of AZN in a report on Tuesday, January 26 to “Top Pick” rating. Argus Research upgraded the stock to “Buy” rating in Monday, August 29 report. The stock has “Buy” rating given by HSBC on Wednesday, September 2.

About 7.13M shares traded hands. AstraZeneca plc (ADR) (NYSE:AZN) has declined 12.39% since April 22, 2016 and is downtrending. It has underperformed by 17.80% the S&P500.

Analysts await AstraZeneca plc (ADR) (NYSE:AZN) to report earnings on February, 2. They expect $0.57 EPS, down 39.36% or $0.37 from last year’s $0.94 per share. AZN’s profit will be $1.43 billion for 11.87 P/E if the $0.57 EPS becomes a reality. After $1.32 actual EPS reported by AstraZeneca plc (ADR) for the previous quarter, Wall Street now forecasts -56.82% negative EPS growth.

AstraZeneca PLC is a biopharmaceutical company. The company has a market cap of $67.82 billion. The Firm focuses on the discovery, development and commercialization of prescription medicines, primarily for the treatment of diseases in various therapy areas, including respiratory, inflammation, autoimmune disease (RIA), cardiovascular and metabolic disease (CVMD) and oncology, as well as in infection, neuroscience and gastrointestinal areas. It has a 27.78 P/E ratio. The Firm has its activities in over 100 countries.

According to Zacks Investment Research, “AstraZeneca PLC is one of the top five pharmaceutical companies in the world based on sales and is a therapeutic leader in cardiovascular, gastrointestinal, oncology, anesthesia including pain management, central nervous system (CNS) and respiratory products. They are engaged in the research, development, manufacture and marketing of ethical (prescription) pharmaceuticals and agricultural products, and the supply of healthcare services.”

AZN Company Profile

AstraZeneca PLC (AstraZeneca), incorporated on June 17, 1992, is a biopharmaceutical company. The Firm focuses on the discovery, development and commercialization of prescription medicines, primarily for the treatment of diseases in various therapy areas, including respiratory, inflammation, autoimmune disease (RIA), cardiovascular and metabolic disease (CVMD) and oncology, as well as in infection, neuroscience and gastrointestinal areas. The Firm has its activities in over 100 countries. The Company’s pipeline includes over 150 projects of which approximately 125 are in the clinical phase of development.

Another recent and important AstraZeneca plc (ADR) (NYSE:AZN) news was published by Businessfinancenews.com which published an article titled: “AstraZeneca plc (ADR): What Are the Future Prospects?” on August 01, 2016.

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