Allergan PLC (AGN) Earns “Market Perform” Rating from William Blair
Allergan PLC (NYSE:AGN)‘s stock had its “market perform” rating restated by equities researchers at William Blair in a research report issued on Monday.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Allergan PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Credit Suisse Group AG initiated coverage on shares of Allergan PLC in a research report on Monday, July 25th. They issued an “outperform” rating and a $327.00 price target for the company. Vetr downgraded shares of Allergan PLC from a “strong-buy” rating to a “buy” rating and set a $283.05 price target for the company. in a research report on Monday, August 8th. Leerink Swann set a $294.00 price target on shares of Allergan PLC and gave the company a “buy” rating in a research report on Monday, August 8th. Finally, Royal Bank Of Canada reduced their price target on shares of Allergan PLC from $300.00 to $279.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $289.11.
Shares of Allergan PLC (NYSE:AGN) traded down 0.45% during mid-day trading on Monday, reaching $192.22. 1,224,595 shares of the company were exchanged. The company has a market capitalization of $72.10 billion, a price-to-earnings ratio of 5.39 and a beta of 1.08. The firm’s 50-day moving average is $212.72 and its 200-day moving average is $233.35. Allergan PLC has a 12 month low of $184.50 and a 12 month high of $322.68.
Allergan PLC (NYSE:AGN) last released its earnings results on Wednesday, November 2nd. The company reported $3.32 EPS for the quarter, missing the consensus estimate of $3.65 by $0.33. Allergan PLC had a net margin of 93.74% and a return on equity of 7.26%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the company earned $3.48 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Allergan PLC will post $13.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, February 28th will be issued a dividend of $0.70 per share. This is an increase from Allergan PLC’s previous quarterly dividend of $0.05. This represents a $2.80 annualized dividend and a yield of 1.46%.
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In related news, CFO Maria Teresa Hilado acquired 1,422 shares of the stock in a transaction on Friday, November 11th. The stock was purchased at an average price of $210.64 per share, for a total transaction of $299,530.08. Following the transaction, the chief financial officer now owns 12,659 shares of the company’s stock, valued at approximately $2,666,491.76. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brent L. Saunders acquired 5,250 shares of the stock in a transaction on Monday, November 21st. The stock was bought at an average price of $189.13 per share, with a total value of $992,932.50. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Rail Splitter Capital Management LLC boosted its stake in Allergan PLC by 53.8% in the second quarter. Rail Splitter Capital Management LLC now owns 54,169 shares of the company’s stock valued at $12,518,000 after buying an additional 18,945 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Allergan PLC by 12.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,402,893 shares of the company’s stock valued at $324,195,000 after buying an additional 156,959 shares during the last quarter. Woodstock Corp boosted its stake in Allergan PLC by 5.3% in the third quarter. Woodstock Corp now owns 32,538 shares of the company’s stock valued at $7,494,000 after buying an additional 1,631 shares during the last quarter. Montag & Caldwell LLC boosted its stake in Allergan PLC by 16.2% in the second quarter. Montag & Caldwell LLC now owns 687,035 shares of the company’s stock valued at $158,767,000 after buying an additional 95,951 shares during the last quarter. Finally, Johnston Asset Management LLC bought a new stake in Allergan PLC during the second quarter valued at $134,170,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.
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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