Wells Fargo & Company reiterated their outperform rating on shares of Allergan PLC. (NYSE:AGN) in a report released on Wednesday. The brokerage currently has a $280.00 price target on the stock, up from their prior price target of $270.00.
Several other analysts also recently issued reports on AGN. Royal Bank Of Canada set a $279.00 price target on Allergan PLC. and gave the company a buy rating in a research note on Wednesday, April 12th. Citigroup Inc. restated a focus list rating and issued a $261.27 price target (up from $184.50) on shares of Allergan PLC. in a research note on Friday, April 21st. Goldman Sachs Group, Inc. (The) downgraded Allergan PLC. from a buy rating to a neutral rating and set a $262.00 price target for the company. in a research note on Wednesday, May 10th. UBS AG restated a buy rating and issued a $275.00 price target on shares of Allergan PLC. in a research note on Monday, May 15th. Finally, Sanford C. Bernstein reiterated an outperform rating on shares of Allergan PLC. in a research report on Thursday, May 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $274.49.
Shares of Allergan PLC. (NYSE:AGN) opened at 232.88 on Wednesday. The company has a market capitalization of $77.85 billion, a PE ratio of 7.10 and a beta of 1.16. Allergan PLC. has a 52-week low of $184.50 and a 52-week high of $256.80. The stock has a 50 day moving average price of $245.93 and a 200 day moving average price of $238.13.
Allergan PLC. (NYSE:AGN) last issued its earnings results on Thursday, August 3rd. The company reported $4.02 EPS 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 company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company posted $3.35 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that Allergan PLC. will post $16.27 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was published by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/08/13/wells-fargo-company-reiterates-outperform-rating-for-allergan-plc-agn.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 1.20%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
In other Allergan PLC. news, Director Nesli Basgoz sold 1,889 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $220.45, for a total transaction of $416,430.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC raised its stake in shares of Allergan PLC. by 21.3% in the first quarter. Manning & Napier Advisors LLC now owns 11,980 shares of the company’s stock worth $2,862,000 after buying an additional 2,100 shares during the last quarter. Charter Trust Co. bought a new position in Allergan PLC. during the first quarter valued at approximately $213,000. Daiwa SB Investments Ltd. bought a new position in Allergan PLC. during the first quarter valued at approximately $3,880,000. First National Bank of Omaha increased its position in Allergan PLC. by 1.6% in the first quarter. First National Bank of Omaha now owns 50,780 shares of the company’s stock valued at $12,132,000 after buying an additional 800 shares during the period. Finally, Verde Servicos Internacionais S.A. increased its position in Allergan PLC. by 22.0% in the first quarter. Verde Servicos Internacionais S.A. now owns 101,977 shares of the company’s stock valued at $24,364,000 after buying an additional 18,387 shares during the period. Hedge funds and other institutional investors own 84.77% 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.
Receive News & Ratings for Allergan PLC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allergan PLC. and related companies with MarketBeat.com's FREE daily email newsletter.