Beaufort Securities Reiterates “Hold” Rating for AstraZeneca plc (AZN)
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of AstraZeneca plc in a research note on Thursday, August 14th. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of AstraZeneca plc in a research note on Monday, August 4th. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of AstraZeneca plc in a research note on Thursday, July 31st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $57.00.
Shares of AstraZeneca plc (NYSE:AZN) traded down 0.19% on Friday, hitting $73.05. The stock had a trading volume of 1,913,208 shares. AstraZeneca plc has a 1-year low of $48.53 and a 1-year high of $82.68. The stock has a 50-day moving average of $72.76 and a 200-day moving average of $70.62. The company has a market cap of $92.262 billion and a P/E ratio of 45.66. AstraZeneca plc also saw some unusual options trading on Thursday. Traders purchased 20,242 call options on the stock. This is an increase of approximately 544% compared to the typical volume of 3,143 call options.
AstraZeneca plc (NYSE:AZN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.21. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that AstraZeneca plc will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.90 per share. This represents a dividend yield of 2.48%. The ex-dividend date is Wednesday, August 13th.
AstraZeneca PLC (NYSE:AZN) is a global biopharmaceutical company.
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