Allergan PLC. (AGN) Director Buys $1,633,000.00 in Stock
Allergan PLC. (NYSE:AGN) Director Christopher J. Coughlin bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of $163.30 per share, with a total value of $1,633,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Allergan PLC. (NYSE AGN) opened at $164.87 on Friday. Allergan PLC. has a 52 week low of $160.07 and a 52 week high of $256.80. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $54,636.75, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.10 and a beta of 1.11.
Allergan (NYSE:AGN) last posted its earnings results 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 company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the firm earned $3.32 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that Allergan PLC. will post 16.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 1.70%. Allergan’s dividend payout ratio (DPR) is presently -12.44%.
A number of institutional investors and hedge funds have recently bought and sold shares of AGN. Hudock Capital Group LLC grew its stake in shares of Allergan by 0.4% during the second quarter. Hudock Capital Group LLC now owns 571 shares of the company’s stock worth $138,000 after acquiring an additional 2 shares during the last quarter. Burns J W & Co. Inc. NY grew its stake in shares of Allergan by 0.7% during the second quarter. Burns J W & Co. Inc. NY now owns 906 shares of the company’s stock worth $220,000 after acquiring an additional 6 shares during the last quarter. Pacific Center for Financial Services grew its stake in shares of Allergan by 1.3% during the second quarter. Pacific Center for Financial Services now owns 541 shares of the company’s stock worth $132,000 after acquiring an additional 7 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Allergan by 0.5% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,666 shares of the company’s stock worth $405,000 after acquiring an additional 9 shares during the last quarter. Finally, Trust Co grew its stake in shares of Allergan by 0.8% during the first quarter. Trust Co now owns 1,224 shares of the company’s stock worth $292,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.
Several analysts have recently weighed in on AGN shares. Argus reiterated a “buy” rating and set a $280.00 target price on shares of Allergan in a research report on Monday, August 14th. BidaskClub downgraded Allergan from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Cantor Fitzgerald reiterated a “hold” rating on shares of Allergan in a research report on Tuesday, August 22nd. Cowen reiterated an “outperform” rating and set a $400.00 target price on shares of Allergan in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $285.00 target price on shares of Allergan in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $235.25.
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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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