MARKET REPORT: AstraZeneca tipped to become first £200bn British firm
Daily Mail |
NHS watchdog blocks AstraZeneca breast cancer drug |
LBBW raises AstraZeneca price target to 13,500 (13,300) pence - 'buy'
Goldman Sachs raises AstraZeneca price target to 15,756 (15,131) pence - 'buy' |
Robust results & a couple of decent late stage updates. Time to add |
Market report
One stock that fell victim to good not being ‘good enough’, XTB analyst Kathleen Brooks said, was AstraZeneca.
‘The market is scrutinizing earnings reports and punishing pockets of weakness,’ Brooks added, as the analyst said higher than expected costs may have been behind the 3.3% fall in the company’s shares.
The Cambridge-based pharmaceutical firm said total revenue in the first half of 2024 surged 15% to $25.62 billion from $22.30 billion. Pretax profit jumped 19% to $5.29 billion from $4.35 billion.
For the second-quarter alone, revenue climbed 13% $12.94 billion, and pretax profit was 15% higher at $2.40 billion.
Looking to the full-year, the pharmaceutical firm now expects total revenue and core EPS to grow by a ‘mid teens percentage’ at constant currency, its view upgraded from a previously expected ‘low double-digit to low teens rise’. |
On first look no disaster..
AstraZeneca lifted its full-year guidance as it reported an 18% increase in total revenue for the first half to $25.6bn, driven by significant growth in product sales and alliance revenue.
The FTSE 100 pharmaceuticals giant saw 22% growth in revenue from oncology, CVRM, and R&I, while rare disease revenue grew by 15%, with a core operating margin of 33% and a core earnings per share increase of 5% to $4.03.
AstraZeneca declared a seven-cent increase in its interim dividend and raised its full-year 2024 guidance, expecting mid-teens percentage growth in total revenue and core earnings per share at constant exchange rates. |
That's a rubbish response.
-3.3% |
Glad there wasn’t bad news |
Hope so. I have a £490k stake built up since 2009. Hope to hit the million mark fairly soon. Great co and CEO! |
Results tomorrow. |
Switched to RNK [better change to capital gains] 4 brokers issued strong BUY |
Money moved to APH [Alliance Pharma] |
aph quality poor, nowhere near the same outfit as eg AZN |
They raised APH ( alliance Pharma ) to BUY as well |
HSBC raises AstraZeneca price target to 14,070 (12,950) pence - 'buy' |
Goldman starts AstraZeneca with 'buy' - price target 15,200 pence |
Meanwhile Nvidia rises as much in a day as Astras market value , nuts . |
Stifel raises AstraZeneca price target to 13,700 (12,800) pence - 'buy' |
Money moved to APH ( alliance Pharma ) |
Getting close to time to sell, and buy back cheaper? |
RSI looking grossly over bought... |
BBC News - AstraZeneca to withdraw Covid vaccinehttps://www.bbc.co.uk/news/health-68977026 |
Most big pharma have GLP-1 agonists on trial. Let's hope AZN's has the least side effects! |
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