BidaskClub Downgrades Allergan PLC. (AGN) to Strong Sell
BidaskClub downgraded shares of Allergan PLC. (NYSE:AGN) from a sell rating to a strong sell rating in a report published on Friday.
Several other research firms also recently weighed in on AGN. Deutsche Bank AG reiterated a buy rating and set a $273.00 target price (up from $265.00) on shares of Allergan PLC. in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) downgraded Allergan PLC. from a buy rating to a neutral rating and set a $262.00 target price on the stock. in a research report on Wednesday, May 10th. Royal Bank Of Canada increased their target price on Allergan PLC. from $279.00 to $284.00 and gave the stock an outperform rating in a research report on Wednesday, May 10th. Wells Fargo & Company reiterated an outperform rating and set a $280.00 target price (up from $270.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. Finally, Credit Suisse Group set a $288.00 target price on Allergan PLC. and gave the stock a buy rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. Allergan PLC. presently has an average rating of Buy and a consensus price target of $275.49.
Shares of Allergan PLC. (NYSE:AGN) opened at 223.94 on Friday. The stock has a market cap of $74.86 billion, a P/E ratio of 6.82 and a beta of 1.16. Allergan PLC. has a 1-year low of $184.50 and a 1-year high of $256.80. The company’s 50-day moving average is $240.49 and its 200-day moving average is $238.48.
Allergan PLC. (NYSE:AGN) last released its earnings results on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.07. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the business posted $3.35 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts expect that Allergan PLC. will post $16.27 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 1.25%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
Large investors have recently modified their holdings of the stock. Hudock Capital Group LLC raised its stake in shares of Allergan PLC. by 0.4% in the second quarter. Hudock Capital Group LLC now owns 571 shares of the company’s stock worth $138,000 after buying an additional 2 shares during the period. GWM Advisors LLC raised its stake in shares of Allergan PLC. by 0.4% in the first quarter. GWM Advisors LLC now owns 1,260 shares of the company’s stock worth $300,000 after buying an additional 5 shares during the period. Burns J W & Co. Inc. NY raised its stake in shares of Allergan PLC. by 0.7% in the second quarter. Burns J W & Co. Inc. NY now owns 906 shares of the company’s stock worth $220,000 after buying an additional 6 shares during the period. Pacific Center for Financial Services raised its stake in shares of Allergan PLC. by 1.3% in the second quarter. Pacific Center for Financial Services now owns 541 shares of the company’s stock worth $132,000 after buying an additional 7 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of Allergan PLC. by 0.5% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,666 shares of the company’s stock worth $405,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 82.06% 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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