5 Best ADR Stocks To Buy Now

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In this article, we will be taking a look at the 5 best ADR stocks to buy now. To read our detailed analysis of these stocks and investing in foreign companies, you can go directly to see the 10 Best ADR Stocks To Buy Now.

5. AstraZeneca plc (NYSE:AZN)

Number of Hedge Fund Holders: 47

AstraZeneca plc (NYSE:AZN) is a biopharmaceutical company working to develop prescription medicines. The company is based in Cambridge, UK. On August 26, AstraZeneca plc (NYSE:AZN) shares were upgraded to ‘Add’ from ‘Reduce’ by AlphaValue/Baader.

In the second quarter, AstraZeneca plc (NYSE:AZN) had revenue of $10.8 billion, up 31% year-over-year and beating estimates by $194 million. The company’s EPS is expected to grow by 14.7% over the next three-to-five years, and it has a one-year dividend growth rate of 3.6%.

Out of 895 hedge funds that filed 13Fs for the second quarter, 47 were long AstraZeneca plc (NYSE:AZN). Their total stake value was $4.9 billion.

Carillon Tower Advisers, an investment management firm, mentioned AstraZeneca plc (NYSE:AZN) in its first quarter 2022 investor letter. Here’s what it said:

AstraZeneca (NYSE:AZN) performed strongly and reported encouraging fourth-quarter earnings and initial 2022 guidance. AstraZeneca also announced positive clinical data for two drugs within its oncology business that should serve as important long-term growth drivers.”

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