UBS AG set a $255.00 price objective on Allergan PLC. (NYSE:AGN) in a report published on Tuesday, October 17th, 99wallstreet.com reports. The firm currently has a buy rating on the stock.
AGN has been the subject of a number of other research reports. Citigroup Inc. reaffirmed a buy rating and issued a $280.00 price target on shares of Allergan PLC. in a research note on Wednesday, September 20th. Piper Jaffray Companies set a $227.00 target price on Allergan PLC. and gave the stock a hold rating in a research note on Friday, October 6th. Royal Bank Of Canada reissued a buy rating and set a $285.00 target price on shares of Allergan PLC. in a research note on Wednesday, September 6th. Wells Fargo & Company set a $276.00 target price on Allergan PLC. and gave the stock a buy rating in a report on Friday, October 13th. Finally, Cowen and Company reissued an outperform rating and issued a $400.00 price target on shares of Allergan PLC. in a research report on Saturday, September 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Allergan PLC. presently has an average rating of Hold and an average price target of $252.39.
Allergan PLC. (NYSE AGN) traded up 0.354% on Tuesday, reaching $176.955. 2,100,775 shares of the company’s stock traded hands. The firm has a market cap of $59.16 billion, a price-to-earnings ratio of 5.391 and a beta of 1.15. The stock’s 50 day moving average is $208.20 and its 200 day moving average is $229.12. Allergan PLC. has a 52-week low of $175.21 and a 52-week high of $256.80.
Allergan PLC. (NYSE:AGN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.07. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.95 billion. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $3.35 earnings per share. On average, equities research analysts predict that Allergan PLC. will post $16.21 EPS for the current fiscal year.
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Allergan PLC. announced that its board has approved a stock buyback program on Monday, September 25th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.59%. Allergan PLC.’s dividend payout ratio (DPR) is 9.95%.
A number of institutional investors have recently added to or reduced their stakes in the business. Waldron LP purchased a new position in shares of Allergan PLC. in the first quarter worth $348,000. HL Financial Services LLC raised its stake in shares of Allergan PLC. by 5.8% in the first quarter. HL Financial Services LLC now owns 27,243 shares of the company’s stock worth $6,509,000 after purchasing an additional 1,504 shares during the last quarter. Palladium Partners LLC raised its stake in shares of Allergan PLC. by 6.0% in the first quarter. Palladium Partners LLC now owns 30,638 shares of the company’s stock worth $7,320,000 after purchasing an additional 1,722 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Allergan PLC. by 246.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,582 shares of the company’s stock worth $27,137,000 after purchasing an additional 80,829 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. raised its stake in shares of Allergan PLC. by 11.0% in the first quarter. Neville Rodie & Shaw Inc. now owns 3,074 shares of the company’s stock worth $734,000 after purchasing an additional 305 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.
Allergan PLC. Company Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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