Sunday, 20 January, 2019

AstraZeneca plc 2.8% Potential Upside Indicated by Liberum Capital

Pascal Soriot AstraZeneca CEO Pascal Soriot – ‘The company is steadily turning a corner
Nellie Chapman | 04 February, 2018, 12:37

Several other analysts also recently issued reports on AZN. Sanford C. Bernstein set a GBX 5,780 ($81.17) price objective on AstraZeneca and gave the stock a "buy" rating in a report on Monday, September 25th. Deutsche Bank reissued a "buy" rating and set a GBX 5,600 ($78.64) price target on shares of AstraZeneca in a research note on Wednesday, October 11th. BNP Paribas set a GBX 5,800 ($81.45) price objective on AstraZeneca and gave the stock a "buy" rating in a report on Monday, September 25th.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $39.45 on AstraZeneca PLC shares.

In taking a look at technical levels, AstraZeneca PLC (NYSE:AZN) shares are trading 4.68% away from the 50 day simple moving average and 8.45% away from the 200 day simple moving average. The firm has a market cap of $88,990.01, a PE ratio of 12.87, a PEG ratio of 2.72 and a beta of 0.70. After a recent check, company stock has been trading near the $35.14 mark.

Total revenue increased 3 percent to $5.78 billion from last year's $5.59 billion.

Fourth-quarter profits came in better than analysts had expected, helped by one-off tax gains and growing revenue. FTB Advisors Inc. boosted its stake in AstraZeneca by 3.2% in the 2nd quarter. WFG Advisors LP now owns 3,716 shares of the company's stock valued at $127,000 after purchasing an additional 984 shares during the period. In looking at volatility levels, the shares saw weekly volatility of 1.54% and 1.06% over the past month.

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As of writing, AstraZeneca PLC's RSI stands at 58.81. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold.