Liberum Capital downgraded shares of Astrazeneca PLC (NYSE:AZN) from a buy rating to a hold rating in a report published on Thursday, MarketBeat reports.

Several other research firms have also issued reports on AZN. Leerink Swann reissued an outperform rating and set a $36.00 price objective (up previously from $33.00) on shares of Astrazeneca PLC in a research note on Wednesday, May 17th. Investec raised Astrazeneca PLC from a hold rating to a buy rating in a research note on Wednesday, August 9th. Barclays PLC reissued an overweight rating on shares of Astrazeneca PLC in a research note on Monday, July 3rd. Argus reissued a buy rating and set a $35.00 price objective on shares of Astrazeneca PLC in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a sell rating on shares of Astrazeneca PLC in a research note on Thursday, July 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $33.60.

Astrazeneca PLC (NYSE AZN) opened at 32.53 on Thursday. The firm has a market cap of $82.37 billion, a PE ratio of 21.34 and a beta of 0.74. Astrazeneca PLC has a 12-month low of $25.55 and a 12-month high of $35.60. The stock’s 50 day moving average price is $30.20 and its 200-day moving average price is $31.74.

Astrazeneca PLC (NYSE:AZN) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.46. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.04 billion. Astrazeneca PLC had a return on equity of 35.90% and a net margin of 17.80%. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. Equities research analysts anticipate that Astrazeneca PLC will post $1.90 earnings per share for the current fiscal year.

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The firm also recently declared a None dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a yield of 2.98%. Astrazeneca PLC’s dividend payout ratio is presently 44.92%.

Several hedge funds have recently bought and sold shares of AZN. Meeder Asset Management Inc. purchased a new position in shares of Astrazeneca PLC during the 2nd quarter worth approximately $105,000. Salem Investment Counselors Inc. purchased a new position in shares of Astrazeneca PLC during the 1st quarter worth approximately $107,000. Tower Research Capital LLC TRC grew its holdings in shares of Astrazeneca PLC by 3,782.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company’s stock worth $121,000 after acquiring an additional 3,782 shares during the period. WFG Advisors LP grew its holdings in shares of Astrazeneca PLC by 36.0% during the 2nd quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock worth $127,000 after acquiring an additional 984 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Astrazeneca PLC by 27.1% during the 1st quarter. Parallel Advisors LLC now owns 4,526 shares of the company’s stock worth $138,000 after acquiring an additional 964 shares during the period. Hedge funds and other institutional investors own 14.18% of the company’s stock.

Astrazeneca PLC Company Profile

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.

Analyst Recommendations for Astrazeneca PLC (NYSE:AZN)

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