
NYSE:AZN
This summary was created by AI, based on 8 opinions in the last 12 months.
AstraZeneca PLC (AZN-N) has shown robust performance with a 30% increase in the past year, buoyed by a booming oncology business and a strong product pipeline projected to generate significant revenue. Experts highlight the company’s innovative approach, particularly in oncology, which has exceeded expectations. Although some predict a slight pullback to the $85 mark, the overall sentiment remains positive, emphasizing the company's strong fundamentals since 2017-18. Analysts are optimistic about AstraZeneca's long-term revenue goals, voicing confidence in its ability to reach $80 billion by 2030 with 7% annual growth. The stock's valuation at 15x PE, coupled with a 2% dividend yield, further supports its favorable view among healthcare stocks, especially in comparison to competitors.
Allan Tong’s Discover Picks The AZN stock currently trades at a 64x PE and pays a not-bad 2.69% dividend yield. It's trending $7 below its $59.73 price target, and has declined slightly to June levels. However, its PE has tumbled to levels last seen in December 2019. Three analysts rate it a strong buy, one a buy and another a hold, unchanged since August. Read 3 Promising Diversified Coronavirus Vaccine Stocks Ahead of the Game: Fall Update for our full analysis.
Their Covid vaccine in progress For most of the large-cap pharmas he owns, the benefits of producing this vaccine won't benefit these companies as much as people think. That said, AZN has been executing very well in areas like oncology--a key driver for them. In May, AZN's vaccine was his front runner in this race. AZN (with Oxford University) did have a negative reaction during their recent phase 3 test, though, so there is a risk here. However AZN has resumed tests outside the U.S., so expect results a little later. So now Pfizer has become the front runner. He's looking for the safety profile of AZN's candidate. If their vaccine is a miss, there will be stock volatility, but also a buying opportunity. A great company.
They have done what Pfizer is in the process of doing. They focused in on their pipeline with drugs that are difficult to replicate. Their immunotherapy drug has been doing well, and the chart looks great. The fundamentals of the business is good. Multiples are around 13x though one of the best EPS. He is generating good premiums on his positions.
(A Top Pick May 10/17, Up 16%) It's a diversified biopharma out of the UK. Surprised many by annoucning phase 2 drug trial in lung cancer--a frontrunner in this space. Their main drivers is their immunotherapy business. A great growth profile in the industry, but need to execute on a few of these trials in the next 6-12 months. Own it with BMY-N and MRK-N and not alone.