Allergan PLC. (NYSE:AGN) Given “Hold” Rating at Piper Jaffray Companies
Piper Jaffray Companies reissued their hold rating on shares of Allergan PLC. (NYSE:AGN) in a research report sent to investors on Friday morning. Piper Jaffray Companies currently has a $231.00 price objective on the stock.
Other equities analysts also recently issued research reports about the stock. UBS AG reiterated a buy rating and issued a $275.00 price target on shares of Allergan PLC. in a report on Monday, May 15th. Royal Bank Of Canada set a $284.00 price target on shares of Allergan PLC. and gave the company a buy rating in a report on Monday, June 12th. Mizuho cut their price target on shares of Allergan PLC. from $275.00 to $267.00 and set a buy rating for the company in a report on Friday, June 9th. Cowen and Company set a $400.00 price target on shares of Allergan PLC. and gave the company a buy rating in a report on Thursday, June 8th. Finally, Deutsche Bank AG increased their price target on shares of Allergan PLC. from $262.00 to $265.00 and gave the company a buy rating in a report on Tuesday, March 28th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $273.15.
Shares of Allergan PLC. (NYSE AGN) traded up 0.68% during mid-day trading on Friday, hitting $247.53. 1,438,443 shares of the stock traded hands. The firm has a market cap of $83.14 billion, a price-to-earnings ratio of 7.71 and a beta of 1.16. Allergan PLC. has a 12-month low of $184.50 and a 12-month high of $261.27. The firm’s 50 day moving average price is $231.35 and its 200 day moving average price is $230.10.
Allergan PLC. (NYSE:AGN) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $3.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.32 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. Allergan PLC. had a net margin of 82.42% and a return on equity of 7.29%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 EPS. On average, equities research analysts predict that Allergan PLC. will post $16.09 EPS for the current fiscal year.
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In related news, Director Nesli Basgoz sold 1,889 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $220.45, for a total value of $416,430.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cacti Asset Management LLC raised its stake in Allergan PLC. by 1.3% in the first quarter. Cacti Asset Management LLC now owns 196,920 shares of the company’s stock worth $47,221,000 after buying an additional 2,600 shares in the last quarter. Beacon Financial Group purchased a new stake in Allergan PLC. during the first quarter worth about $325,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Allergan PLC. during the fourth quarter worth about $2,550,000. Kentucky Retirement Systems purchased a new stake in Allergan PLC. during the fourth quarter worth about $5,716,000. Finally, Auxier Asset Management raised its stake in Allergan PLC. by 16.1% in the fourth quarter. Auxier Asset Management now owns 7,840 shares of the company’s stock worth $1,646,000 after buying an additional 1,090 shares in the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.
About Allergan PLC.
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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