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Tuesday, September 22, 2020

AstraZeneca PLC (NYSE:AZN) on the Path to Profitability

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The AstraZeneca PLC (AZN) shares are trading at higher $57.89 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $56.65.

To add more color to this target, the company’s high over the last year is $64.94 and the low is $36.15. Over the last 52 weeks, AZN is down -10.86% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AZN reported a profit of $4.93 billion. AstraZeneca PLC also saw revenues increase to $6.35 billion. In addition, AZN has free cash flow of -$47.0 million as of 03-2020. The company’s EBITDA came in at $2.06 billion which compares well with its peers.

AZN booked profit margins of 6.00%, its Return on Equity (ROE) is 12.30%, and its Return on Assets is 2.50%. All told, it is clear that, AZN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AZN has a short ratio of 0.17 and outstanding shares of 2.62B.

Company Outlook

AZN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14.18 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.58. AstraZeneca PLC AZN also noted assets of $57.21 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AZN has historically followed its peers on positive news.

All told, AstraZeneca PLC AZN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AZN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

AstraZeneca PLC AZN is now commanding a market cap of 151.69B and a float of 2.60B. AZN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AZN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AZN, either long or short, and we have not been compensated for this article.

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