AstraZeneca plc (AZN) Given "Buy" Rating at Morgan Stanley

Author

26 May, 2017

The fund purchased 300,771 shares of the company's stock, valued at approximately $8,217,000.

Several other brokerages have also recently weighed in on AZN. Finally, Ameriprise Financial Inc. raised its position in shares of AstraZeneca plc by 23.8% in the first quarter.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for AstraZeneca PLC the EPS stands at 0.61 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.59, suggesting the stock exceeded the analysts' expectations. Crawford Investment Counsel Inc. now owns 470,235 shares of the company's stock valued at $15,452,000 after buying an additional 84,390 shares during the period. Northwest Quadrant Wealth Management LLC purchased a new stake in AstraZeneca plc during the fourth quarter valued at $129,000. Asset Planning Services Ltd. now owns 5,100 shares of the company's stock worth $139,000 after buying an additional 4,400 shares during the last quarter. Mirae Asset Global Investments Co. Wells Fargo & Company MN raised its position in shares of AstraZeneca plc by 41.6% in the first quarter. Capital International Investors now owns 20,600,179 shares of the company's stock worth $676,922,000 after buying an additional 126,700 shares in the last quarter. Quadrant Capital Group LLC increased its stake in AstraZeneca plc by 157.1% in the first quarter. Tributary Capital Management Llc acquired 12,835 shares as Umb Financial Corp (UMBF)'s stock declined 12.47%. Hedge funds and other institutional investors own 12.90% of the company's stock.

AstraZeneca plc (LON:AZN) traded up 0.46% during trading on Monday, hitting GBX 5209.00. 2,606,058 shares of the stock traded hands.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 13.82%, and has a solid year to date (YTD) performance of 25.44% which means the stock is constantly adding to its value from the previous fiscal year end price. The firm has a market capitalization of $86.77 billion, a P/E ratio of 25.67 and a beta of 0.77.

AZN has a 1-year high price of $ 35.04 and 1-year low price of $25.55.

AstraZeneca plc (NYSE:AZN) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.38 by $0.61. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.40 billion.

AstraZeneca plc (LON:AZN) has been assigned a GBX 3,900 ($50.74) price target by research analysts at Goldman Sachs Group Inc in a research note issued on Friday. Shore Capital restated a "sell" rating on shares of AstraZeneca plc in a research report on Tuesday, February 28th. FBR Capital initiated it with "Mkt Perform" rating and $80 target in Tuesday, January 10 report. If you are accessing this article on another website, it was illegally copied and reposted in violation of USA and worldwide trademark & copyright legislation. The correct version of this piece of content can be viewed at https://transcriptdaily.com/2017/05/25/300771-shares-in-astrazeneca-plc-azn-acquired-by-norges-bank-updated.html.

AZN has been the subject of a number of analyst reports. TheStreet upgraded shares of AstraZeneca plc from a "c+" rating to a "b-" rating in a report on Tuesday, February 28th. On Friday, July 31 the stock rating was upgraded by Swedbank to "Buy". HSBC Holdings plc downgraded shares of AstraZeneca plc from a "hold" rating to a "reduce" rating in a research report on Friday, April 7th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. The company presently has an average rating of "Hold" and a consensus price target of $35.84.

AstraZeneca plc (ADR) had 26 analyst reports since July 31, 2015 according to SRatingsIntel.

Marina Biotech, Inc.is a biotechnology firm focused on the discovery, development and commercialization of nucleic acid therapies to treat orphan diseases.


More news


  • FRENCH OPEN '17: Djokovic, Muguruza try to defend titles

    FRENCH OPEN '17: Djokovic, Muguruza try to defend titles

    Instead, he was launched straight into the defense of his 2015 Wimbledon crown, before a trip to Rio de Janeiro for the Olympics. They're back in the mix like it was from '06 to '08 all the way through '12, '13, when Djokovic and Murray were chasing them.

    Vettel fastest in second practice at Monaco Grand Prix

    Hamilton's pace in the sun will be a relief for the Mercedes driver given he has only ever won in the wet at Monaco. His team-mate Valtteri Bottas , fourth in the morning session, had similar issues and was 10th in the afternoon.
    Ex-motorcycle champion Nicky Hayden dies after collision in Italy

    Ex-motorcycle champion Nicky Hayden dies after collision in Italy

    He is survived by his parents, Earl and Rose Hayden; two brothers, Tommy and Roger; and two sisters, Jenny and Kathleen. They said the images suggested Hayden had failed to stop at an intersection and was hit full on by the passing auto .
  • Iran to be in far stronger positions, Armenian expert says

    Iran to be in far stronger positions, Armenian expert says

    Trump arrived on Saturday in Saudi Arabia, his first stop on the first trip overseas of his presidency. Saudi Arabia and Iran haven't had diplomatic relations since early 2016.
    Mercedes take wrong turn in Monaco

    Mercedes take wrong turn in Monaco

    It's debatable, however, whether they could have even with that rarest of Monegasque occurrences - a clear track. Hamilton was 1.15 seconds adrift of Vettel and Bottas was 1.18 slower.

    Want to Make Peace in the Middle East? First Stop Terror

    He's in the Middle East on his first overseas trip. "I don't think he was around people like us much before he ran for president". The White House readout also made clear that Trump pressed Abbas to address Palestinian incitement, a key Netanyahu demand.
  • Tanks roll in to tackle IS-linked militants in besieged Philippine city

    The province is a stronghold for the Maute group, which has pledged allegiance to the so-called Islamic State (IS) militant group. Lt-Col Herrera said some 20 people had been killed so far, including 13 Abu Sayyaf gunmen and five soldiers.
    Panthers LB Kuechly won't change style after 2nd concussion

    Panthers LB Kuechly won't change style after 2nd concussion

    Kuechly suffered a scary collision in a Thursday night game against New Orleans, one that left him sobbing on the sideline . For four-time Pro Bowl linebacker Luke Kuechly, he's especially excited about playing alongside a Panthers legend.

    Melania Trump slaps the president's hand away again - this time in Rome

    The Palestinian president raised the issue of Palestinian detainees, who have been holding a hunger strike for more than a month. Donald Trump's trip to Israel passed by in a flash - after all, the president only stopped in the Jewish state for two days.
  • Former England Sevens captain Gray among four National Football League  global hopefuls

    Former England Sevens captain Gray among four National Football League global hopefuls

    Gray will be part of the Falcons' practice team, aiming to be given a place on the franchise's full roster from next season. Obada, 25, has been on National Football League practice squads in Dallas, Kansas City and Atlanta the past two seasons.
    Cavaliers take 3-1 lead behind Irving's 42 points

    Cavaliers take 3-1 lead behind Irving's 42 points

    Some bad fortune which happens to all of us at some point in our lives and we don't get to be the last team standing. James went to the bench with four fouls with 6:46 remaining in the second quarter and the Cavs already down by 10.

    Worth Watching Stock SunPower Corporation (SPWR)

    The recent low represents a 24.66% since 06/01/16 which is a good sign for traders looking to capitalize on the stock's upside. Year to date is 8.63%, 12.89% over the last quarter, 11.94% for the past six months and 21.68% over the last 12 months.