AstraZeneca plc (AZN) Given Average Recommendation of “Hold” by Brokerages

AstraZeneca plc (NYSE:AZN) has received an average recommendation of “Hold” from the thirty research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $34.54.

Several equities research analysts recently weighed in on AZN shares. Citigroup Inc. raised AstraZeneca plc to a “buy” rating in a report on Wednesday, October 18th. Cowen and Company restated a “hold” rating and issued a $37.00 target price on shares of AstraZeneca plc in a research note on Tuesday, October 17th. Leerink Swann raised their target price on AstraZeneca plc from $31.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Credit Suisse Group upgraded AstraZeneca plc from a “neutral” rating to an “outperform” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets set a $38.00 price target on AstraZeneca plc and gave the company a “buy” rating in a research report on Tuesday, October 31st.

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Several large investors have recently made changes to their positions in the company. Wrapmanager Inc. lifted its holdings in shares of AstraZeneca plc by 21.1% during the third quarter. Wrapmanager Inc. now owns 52,340 shares of the company’s stock valued at $1,773,000 after purchasing an additional 9,120 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of AstraZeneca plc by 21.9% during the third quarter. FDx Advisors Inc. now owns 143,702 shares of the company’s stock valued at $4,869,000 after purchasing an additional 25,838 shares in the last quarter. Bessemer Group Inc. increased its position in AstraZeneca plc by 195.7% during the third quarter. Bessemer Group Inc. now owns 7,084 shares of the company’s stock valued at $240,000 after acquiring an additional 4,688 shares during the last quarter. Becker Capital Management Inc. increased its position in AstraZeneca plc by 7.2% during the third quarter. Becker Capital Management Inc. now owns 1,499,012 shares of the company’s stock valued at $50,787,000 after acquiring an additional 100,835 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in AstraZeneca plc by 7.9% during the third quarter. Gabelli Funds LLC now owns 196,000 shares of the company’s stock valued at $6,640,000 after acquiring an additional 14,400 shares during the last quarter. 14.18% of the stock is currently owned by hedge funds and other institutional investors.

AstraZeneca plc (AZN) traded up $0.37 during trading on Friday, hitting $34.48. The company’s stock had a trading volume of 2,924,097 shares, compared to its average volume of 3,505,970. The stock has a market capitalization of $87,297.36, a P/E ratio of 7.85, a PEG ratio of 2.76 and a beta of 0.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.73 and a current ratio of 0.91.

About AstraZeneca plc

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.

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