Allergan PLC. (AGN) Given “Buy” Rating at Citigroup Inc.
Several other equities research analysts have also recently issued reports on the stock. UBS AG reissued an outperform rating and issued a $275.00 target price on shares of Allergan PLC. in a research report on Wednesday, August 9th. BidaskClub cut shares of Allergan PLC. from a buy rating to a hold rating in a research report on Wednesday, August 9th. Wells Fargo & Company reissued an outperform rating and issued a $280.00 target price (up from $270.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. Cantor Fitzgerald reissued a hold rating on shares of Allergan PLC. in a research report on Tuesday, August 22nd. Finally, Argus reissued a buy rating and issued a $280.00 target price on shares of Allergan PLC. in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $273.34.
Allergan PLC. (AGN) opened at 204.65 on Wednesday. Allergan PLC. has a 52-week low of $184.50 and a 52-week high of $256.80. The firm has a market capitalization of $68.42 billion, a price-to-earnings ratio of 6.24 and a beta of 1.18. The company’s 50-day moving average is $229.79 and its 200-day moving average is $236.07.
Allergan PLC. (NYSE:AGN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.07. The business had revenue of $4.01 billion during 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 company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.35 earnings per share. Equities analysts predict that Allergan PLC. will post $16.26 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.37%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
Several large investors have recently modified their holdings of AGN. Veritas Asset Management LLP bought a new stake in shares of Allergan PLC. in the first quarter worth $761,339,000. Iridian Asset Management LLC CT increased its stake in Allergan PLC. by 141.3% during the first quarter. Iridian Asset Management LLC CT now owns 1,283,833 shares of the company’s stock valued at $306,733,000 after purchasing an additional 751,848 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Allergan PLC. during the first quarter valued at $124,255,000. Vanguard Group Inc. increased its stake in Allergan PLC. by 2.2% during the second quarter. Vanguard Group Inc. now owns 22,835,689 shares of the company’s stock valued at $5,551,128,000 after purchasing an additional 482,220 shares during the last quarter. Finally, Blue Ridge Capital L.L.C. increased its stake in Allergan PLC. by 24.1% during the first quarter. Blue Ridge Capital L.L.C. now owns 1,909,900 shares of the company’s stock valued at $456,313,000 after purchasing an additional 370,400 shares during the last quarter. Institutional investors and hedge funds own 82.02% 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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