Bernstein Reaffirms Their Hold Rating on Astellas Pharma (ALPMF)

In a report released today, Miki Sogi from Bernstein maintained a Hold rating on Astellas Pharma, with a price target of Yen1,600.00. The company’s shares closed last Friday at $11.10.

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Sogi covers the Healthcare sector, focusing on stocks such as Astellas Pharma, Daiichi Sankyo Company, and Chugai Pharmaceutical Co. According to TipRanks, Sogi has an average return of 3.3% and a 47.83% success rate on recommended stocks.

Currently, the analyst consensus on Astellas Pharma is a Moderate Buy with an average price target of $11.48.

Based on Astellas Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $505.79 billion and a net profit of $68.42 billion. In comparison, last year the company earned a revenue of $473.12 billion and had a net profit of $37.6 billion