At the time of writing, Astrazeneca plc ADR [AZN] stock is trading at $75.48, up 0.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The AZN shares have gain 7.63% over the last week, with a monthly amount glided 11.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Astrazeneca plc ADR [NASDAQ: AZN] stock has seen the most recent analyst activity on April 16, 2024, when Deutsche Bank upgraded its rating to a Hold. Previously, Deutsche Bank downgraded its rating to Sell on February 08, 2024. On January 23, 2024, Morgan Stanley initiated with a Overweight rating and assigned a price target of $85 on the stock. Jefferies downgraded its rating to a Hold and reduced its price target to $70 on January 03, 2024. HSBC Securities started tracking with a Buy rating for this stock on December 18, 2023, and assigned it a price target of $78. In a note dated September 25, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $66.50 to $80.
For the past year, the stock price of Astrazeneca plc ADR fluctuated between $60.47 and $75.81. Currently, Wall Street analysts expect the stock to reach $80.5 within the next 12 months. Astrazeneca plc ADR [NASDAQ: AZN] shares were valued at $75.48 at the most recent close of the market. An investor can expect a potential return of 6.65% based on the average AZN price forecast.
Analyzing the AZN fundamentals
According to Astrazeneca plc ADR [NASDAQ:AZN], the company’s sales were 47.61B for trailing twelve months, which represents an 16.55% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.04 points at the first support level, and at 74.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.25, and for the 2nd resistance point, it is at 77.02.
Astrazeneca plc ADR [AZN] reported earnings per share of $1.03 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.22/share, meaning a difference of -$0.19 and a surprise factor of -15.60%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.72 per share as compared to estimates of $0.79 per share, a difference of -$0.07 representing a surprise of -8.90%.
Ratios To Look Out For
It is important to note that Astrazeneca plc ADR [NASDAQ:AZN] has a current ratio of 0.89. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 5.98 and price to earnings (TTM) ratio is 37.20.
