AstraZeneca (AZN) Hits New 52-Week High at $35.93
AstraZeneca plc (NYSE:AZN) hit a new 52-week high on Monday . The company traded as high as $35.93 and last traded at $35.44, with a volume of 2527300 shares trading hands. The stock had previously closed at $35.07.
A number of equities research analysts recently weighed in on AZN shares. BMO Capital Markets set a $38.00 target price on shares of AstraZeneca and gave the company a “buy” rating in a research note on Wednesday, January 10th. Citigroup upgraded shares of AstraZeneca to a “buy” rating in a report on Wednesday, October 18th. Cowen restated a “hold” rating and issued a $37.00 target price on shares of AstraZeneca in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of AstraZeneca from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Leerink Swann restated a “market perform” rating and issued a $36.00 target price (up previously from $33.00) on shares of AstraZeneca in a report on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.48.
The stock has a market cap of $88,700.00, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.62 and a beta of 0.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.94.
Large investors have recently added to or reduced their stakes in the stock. WFG Advisors LP boosted its holdings in AstraZeneca by 36.0% in the second quarter. WFG Advisors LP now owns 3,716 shares of the company’s stock valued at $127,000 after acquiring an additional 984 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in AstraZeneca in the third quarter valued at $133,000. Quadrant Capital Group LLC boosted its holdings in AstraZeneca by 18.4% in the second quarter. Quadrant Capital Group LLC now owns 5,437 shares of the company’s stock valued at $147,000 after acquiring an additional 846 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in AstraZeneca in the third quarter valued at $184,000. Finally, FTB Advisors Inc. boosted its holdings in AstraZeneca by 3.2% in the second quarter. FTB Advisors Inc. now owns 6,471 shares of the company’s stock valued at $197,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 14.76% of the company’s stock.
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AstraZeneca 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.
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