Astrazeneca plc ADR [AZN] stock is trading at $79.16, up 0.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The AZN shares have gain 1.33% over the last week, with a monthly amount glided 0.76%, 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 May 30, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $97. Previously, Deutsche Bank upgraded its rating to Hold on April 16, 2024. On February 08, 2024, downgrade downgraded it’s rating to Sell. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $85 on January 23, 2024. Jefferies downgraded its rating to Hold for this stock on January 03, 2024, and downed its price target to $70. In a note dated December 18, 2023, HSBC Securities initiated an Buy rating and provided a target price of $78 on this stock.
Astrazeneca plc ADR [AZN] stock has fluctuated between $60.47 and $80.86 over the past year. Currently, Wall Street analysts expect the stock to reach $82 within the next 12 months. Astrazeneca plc ADR [NASDAQ: AZN] shares were valued at $79.16 at the most recent close of the market. An investor can expect a potential return of 3.59% based on the average AZN price forecast.
Analyzing the AZN fundamentals
Astrazeneca plc ADR [NASDAQ:AZN] reported sales of 47.61B for the trailing twelve months, which represents a growth of 16.55%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, 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 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.9.
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 78.82 points at the first support level, and at 78.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.66, and for the 2nd resistance point, it is at 80.15.
Ratios To Look Out For
For context, Astrazeneca plc ADR’s Current Ratio is 0.89. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 5.16, the price to book ratio is 6.27 and price to earnings (TTM) ratio is 39.01.
