UBS Group set a $250.00 price objective on Allergan (NYSE:AGN) in a research report released on Wednesday, January 10th, www.tipranks.com reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also issued reports on AGN. Deutsche Bank reissued a buy rating and set a $262.00 price target on shares of Allergan in a research note on Tuesday, September 12th. Citigroup restated a buy rating and set a $280.00 price objective on shares of Allergan in a report on Wednesday, September 20th. Morgan Stanley downgraded Allergan from an overweight rating to an equal weight rating and reduced their price objective for the stock from $284.00 to $228.00 in a report on Wednesday, September 20th. Cantor Fitzgerald restated a hold rating and set a $231.00 price objective on shares of Allergan in a report on Friday, September 22nd. Finally, Piper Jaffray Companies set a $227.00 price objective on Allergan and gave the stock a hold rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Allergan currently has an average rating of Buy and an average target price of $227.56.
Allergan (NYSE:AGN) traded down $6.03 during trading hours on Wednesday, hitting $172.51. The stock had a trading volume of 3,387,933 shares, compared to its average volume of 2,650,000. The company has a market cap of $59,380.00, a price-to-earnings ratio of -7.64, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. Allergan has a 1-year low of $160.07 and a 1-year high of $256.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.18 and a quick ratio of 1.08.
Allergan (NYSE:AGN) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.06 by $0.09. Allergan had a positive return on equity of 8.00% and a negative net margin of 47.27%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period last year, the company earned $3.32 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. analysts expect that Allergan will post 16.27 earnings per share for the current year.
In other news, insider William Meury sold 11,807 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $173.89, for a total value of $2,053,119.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brent L. Saunders acquired 4,600 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of $164.74 per share, with a total value of $757,804.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 17,630 shares of company stock valued at $2,890,057. 0.36% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Pathstone Family Office LLC increased its stake in Allergan by 3,327.3% during the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the company’s stock worth $2,035,000 after buying an additional 366 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Allergan during the 2nd quarter worth approximately $103,000. Massey Quick & Co. LLC increased its stake in Allergan by 334.8% during the 2nd quarter. Massey Quick & Co. LLC now owns 500 shares of the company’s stock worth $122,000 after buying an additional 385 shares in the last quarter. Cable Hill Partners LLC increased its stake in Allergan by 255.2% during the 3rd quarter. Cable Hill Partners LLC now owns 515 shares of the company’s stock worth $106,000 after buying an additional 370 shares in the last quarter. Finally, Pacific Center for Financial Services increased its stake in Allergan by 1.3% during the 2nd quarter. Pacific Center for Financial Services now owns 541 shares of the company’s stock worth $132,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 81.21% of the company’s stock.
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Allergan 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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