Astellas Pharma (OTCMKTS:ALPMY) Sets New 12-Month High - Time to Buy?
Astellas Pharma (OTCMKTS:ALPMY) reached a new 52-week high at $12.72, closing at $12.14 with 92,947 shares traded. Analysts have downgraded the stock to 'Hold' from 'Outperform' and 'Strong-buy'. The company reported better-than-expected quarterly earnings, with $0.30 EPS and $3.45 billion revenue. Despite the high, analysts suggest other stocks may be better buys.
Astellas Pharma Inc. (OTCMKTS:ALPMY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $12.72 and last traded at $12.14, with a volume of 92947 shares. The stock had previously closed at $12.26.
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Analyst Upgrades and Downgrades
ALPMY has been the topic of a number of research reports. Sanford C. Bernstein lowered shares of Astellas Pharma from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 2nd. Zacks Research cut shares of Astellas Pharma from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Astellas Pharma currently has a consensus rating of "Hold".
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Astellas Pharma Trading Down 1.0%
The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 25.83 and a beta of 0.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 1.17. The business's 50-day simple moving average is $11.07 and its 200-day simple moving average is $10.44.
Astellas Pharma (OTCMKTS:ALPMY - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. Astellas Pharma had a net margin of 6.39% and a return on equity of 22.73%. The company had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.14 billion. On average, research analysts expect that Astellas Pharma Inc. will post 0.42 earnings per share for the current fiscal year.
About Astellas Pharma
(Get Free Report)Astellas Pharma Inc manufactures, markets, and imports and exports pharmaceuticals in Japan and internationally. The company provides XTANDI, a treatment for prostate cancer; XOSPATA, a treatment for patients who have relapsed or refractory acute myeloid leukemia with a FLT3 mutation; and PADCEV, a treatment for patients with metastatic urothelial cancer.
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