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How to Buy AstraZeneca Stock Now – Forecast and Dividend Guide

Interested in buying AstraZeneca stock? In this guide, we’ll show you how to invest in AstraZeneca shares and summarise key forecast and dividend information.
Harry Atkins
Author: Harry Atkins
Last Updated: 09 July 2020

News that UK-based pharmaceutical company AstraZeneca has struck a deal with Oxford University to develop and manufacture a coronavirus vaccine certainly won’t have done the company’s global profile any harm. But, while the potential vaccine (catchily named ChAdOx1 nCov-19) is very welcome, will it have a huge impact on the company’s bottom line?  After all, with the eyes of the world on the rollout of the vaccine, there would be enormous pressure to keep any margin to an absolute minimum.

Thinking of investing in AstraZeneca stock? This guide will explain how to buy AstraZeneca stock, take a look at the best stockbrokers and consider the company’s prospects going forward.

Where to Buy AstraZeneca Stock

If you’re looking to invest in AstraZeneca stock, we advise creating a stock account with one of our recommended online stockbrokers. For traders outside the United States, our top pick is eToro. If you live in the US or Canada, we recommend you go with Stash Invest.

1. eToro – Market Leading Broker Built on Social Trading Innovation

Whether you’re looking to buy shares in AstraZeneca (AZN) or are more interested in speculating on its price fluctuations, eToro is a great place to invest. Long-established as one of the most accessible, easy-to-master brokers on the market, this smartly designed social trading platform is a great choice for beginners and experience traders alike.

Alongside the option to buy the underlying asset, eToro also allows you to trade AZN with CFDs (Contracts For Difference). This means you can speculate on the stock’s price fluctuations without actually buying the stock, a method that suits day traders looking for quick wins. It also introduces the possibility of opening a short position (betting on its price falling) or leveraging your trade to bolster its value.

eToro is famous for its social trading tools, such as CopyTrader. This allows you to follow and mimic the positions of top traders, and you can also engage with other members of the community to discuss strategies and build your knowledge.

Prices are generally very competitive, with zero-commission on stock and ETF trading for European clients and no stamp duty for UK customers buying stocks. A minimum deposit of $200 is also relatively affordable.

OUR RATING

  • 800+ stocks to buy outright or trade as CFDs
  • Beginner-friendly stock trading platform
  • 0% commission on stock trading
  • $5,000 account minimum for CopyPortfolios
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Stash Invest – Best Stockbroker for US and Canada

US-based novice investors will struggle to find a more approachable way to enter the world of stock market inverting than Stash Invest. This clever investing app has been thoughtfully designed to simplify the process and create an investing environment that allows beginners to build their understanding while making manageable stock market investments.

While accessibility is clearly a big selling point for Stash, it doesn’t compromise on market access. There are more than 1,800 ETFs and individual stocks to explore so there’s plenty of scope to hunt down lesser-known stock picks.

There’s also potential to build a surprisingly diverse portfolio, even if you’re on a limited budget, thanks to fractional stock purchasing. This allows you to buy just fractions of AstraZeneca stock if the price is a bit steep.

Three plans are available, starting with a $1 a month Beginner package that includes a personal investment account, bank account and financial education course. The $3 package adds tax benefits for retirement investing while the $9 plan throws in investment plans for two kids, a monthly market insights report and a sleek metal card with enhanced rewards.

  • $0 minimum balance
  • Allows fractional stock purchases
  • $1 monthly fee
  • Lower number of shares in comparison to other brokers
  • $9 a month to unlock the complete features
It pays to compare the different online brokers and stock trading features you require before you buy stocks. If you want high flexibility and frequent trading, then the transaction costs should be as low as possible. A recommended broker in this case is eToro. Or do you seek to make a one-time purchase or long-term investment with the help of savings plans? In this case, review online brokers such as Stash Invest.

Should I Buy AstraZeneca Stock? Points to Consider

Before you buy AstraZeneca stock, or other pharma investments like Gilead stock, it’s a good idea to do your research. We always recommend taking a closer look at the company fundamentals, historic price movements and forecasts before you invest any money.

AstraZeneca business model and share price history

AstraZeneca was originally forged by a $48 billion merger of two companies called, you guessed it, Astra and Zeneca. Astra was a Swedish company while Zeneca was based in London. So, while AstraZeneca is headquartered in the UK, it is a British-Swedish company.

In 2014, the company was close to being taken over by US pharma giant Pfizer, in a move that valued AstraZeneca at £69.4 billion, based on an offer of £55 per share. The deal met with widespread opposition from the British scientific community and was ultimately resisted.
AstraZeneca

Look beyond the COVID-19 vaccine headlines and AstraZeneca appears to be a company in good shape. Under new CEO Pascal Soriot, revenues are up and encouraging progress is being made in the development of significant new drugs.

While a COVID-19 vaccine will be rightly heralded, AstraZeneca’s long-term outlook is more likely to benefit from long-term drug development. In this respect, prospective AZN investors have good reason to be encouraged. The company’s first-quarter report emphasised ‘landmark news for Tagrisso, Farxiga and Koselugo, our latest oncology medicine’.

The financials are also promising. Revenue is up 16% (17% at CER) to $6.354 billion, while Earnings Per Share has increased 27% (33% at CER) to $0.59 in the quarter. Oncology medicine has been at the forefront of AstraZeneca’s growth in Q1 with a 33% leap in revenue, spearheaded by sales of Tagrisso, which contributed £982 million in revenue.

AstraZeneca stock dividend information

AstraZeneca pays an annual dividend of $1.86 per share, with a dividend yield of 3.60%. Payments are made semi-annually and the most recent instalment was paid on March 30, 2020.

AstraZeneca stock forecast and prediction

AstraZeneca’s median 12-month target price according to CNN and based on 22 analyst forecasts, is 55.09. This represents a 6.54% increase on the current price of 51.71.

MarketBeat’s analyst ratings are less positive, reporting a median target of 52.50 and a consensus rating of Hold.

How to Buy AstraZeneca Stock from eToro

It’s quick and easy to invest in AstraZeneca at our recommended broker, eToro. Assuming you’ve signed up and funded your broker account, follow these simple steps to buy AstraZeneca stock.

Note: You need to verify your account to lift the deposit limit on your account.

Step 1: Search for AstraZeneca (AZN) Stock

AZN eToro search

Look up AstraZeneca by typing the ticker symbol AZN into the search box.

Step 2: Click on trade

AZN eToro trade

Click Trade in the top right corner of the AstraZeneca page.

Step 3: Specify ‘Buy’

Buy AstraZeneca stock eToro

If you want to purchase the underlying asset, specify ‘Buy’ on the top tab, change the leverage to X1 and proceed to set your order. To trade AZN CFDs, set your leverage amount, Stop loss and Take profit order limits, then click ‘Set Order’.

Investing in AstraZeneca Shares – Final Thoughts

AstraZeneca’s surging share price clearly owes a lot to the publicity surrounding its role in the development of a potential COVID-19 vaccine, but prospective investors would be wise to look beyond the headlines and scrutinise the company’s underlying performance. After all, the vaccine may not be a massive generator of profits given inevitable pressure to keep margins as low as possible.

In truth, the company was already on a roll before the vaccine deal. Having developed an impressive range of drugs with massive sales potential, AstraZeneca’s clinical pipeline was promising enough to drive its stock price to unprecedented heights last year. Back then, investors had to ask themselves whether AstraZeneca’s soaring share price was overvalued. Did it offer scope for further growth? With AZN cresting on the back of its vaccine announcement, this remains a pertinent question.

If you want to buy AstraZeneca stock, sign up to one of our recommended online brokers. We suggest going with eToro if you live outside the US, while StashInvest is the best option for traders living in the States.

eToro : Best stockbroker for non U.S. countries

OUR RATING

  • Social and copy trading available
  • CySEC & FCA regulated
  • Buy stocks commission-free (other fees may apply)
75% of retail investors lose money when trading CFDs with this provider.

Stash Invest - Invest in stocks with just $5

RATING

  • U.S. friendly stock broker
  • Fractional shares available - invest in stocks with just $5
  • Fees as low as $1 per month for basic banking and personal investing
  • Build a portfolio of stocks and ETFs for free
  • $50 bonus available when you deposit $300 within 30 days

FAQs

Should I buy AstraZeneca stock or wait?

AstraZeneca stock has enjoyed impressive growth recently and its role in the development of a COVID-19 vaccine looks like commercially exciting news. Investors should ask themselves if they think AZN can continue its ascendant trajectory, however. There’s certainly plenty of promising news in the pipeline.

What are the fees when buying AstraZeneca stock?

Zero-commission stock and ETF trading is available to European clients who trade on eToro. This means that Toro doesn't add a dealing charge or any administrative fees when you buy AstraZeneca stock.

Is there an AstraZeneca stock price prediction?

CNN’s 12-month price target, based on the predictions of 22 analysts, is 55.09, a 6.54% increase on the current price.

What does the AstraZeneca stock dividend pay?

AstraZeneca currently pays an annual dividend of $1.86 per share.

A-Z of Stocks

Remember, all trading carries risk. Past performance is no guarantee of future results.
Harry Atkins

Harry has over a decade's worth of experience writing, editing and managing high-profile content for blue-chip companies. He has also worked for high street and investment banks, insurance companies and trading platforms.

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eToro: Leading Stockbroker with 0% Commission

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eToro: Leading Stockbroker with 0% Commission
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