AstraZeneca PLC Stock Downgraded (AZN)
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- The current debt-to-equity ratio, 0.46, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.18, which illustrates the ability to avoid short-term cash problems.
- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- ASTRAZENECA PLC's earnings per share declined by 36.2% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, ASTRAZENECA PLC reported lower earnings of $4.97 versus $7.27 in the prior year. This year, the market expects an improvement in earnings ($5.35 versus $4.97).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Pharmaceuticals industry. The net income has significantly decreased by 37.8% when compared to the same quarter one year ago, falling from $1,625.00 million to $1,011.00 million.
-- Written by a member of TheStreet Ratings Staff
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