RBC Capital Markets Reiterates $279.00 Price Target for Allergan plc (AGN)
Several other equities analysts have also weighed in on the stock. Credit Suisse Group reiterated a buy rating and set a $274.00 price objective on shares of Allergan plc in a report on Tuesday. Leerink Swann boosted their target price on shares of Allergan plc to $280.00 and gave the stock a buy rating in a research report on Thursday, February 9th. Mizuho reissued a buy rating and set a $275.00 target price (up from $273.00) on shares of Allergan plc in a research report on Tuesday, February 7th. Vetr downgraded shares of Allergan plc from a buy rating to a hold rating and set a $228.27 target price for the company. in a research report on Wednesday, February 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a buy rating and set a $250.00 target price (up from $240.00) on shares of Allergan plc in a research report on Wednesday, January 18th. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $272.01.
Shares of Allergan plc (NYSE:AGN) opened at 246.93 on Tuesday. The firm has a market capitalization of $92.62 billion, a P/E ratio of 6.47 and a beta of 1.07. The firm’s 50-day moving average is $224.03 and its 200 day moving average is $223.04. Allergan plc has a 12 month low of $184.50 and a 12 month high of $301.32.
Allergan plc (NYSE:AGN) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.14. Allergan plc had a net margin of 100.04% and a return on equity of 7.21%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business earned $3.41 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that Allergan plc will post $16.04 EPS for the current year.
This story was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this story can be read at http://www.watchlistnews.com/rbc-capital-markets-reiterates-279-00-price-target-for-allergan-plc-agn/1121585.html.
In related news, CEO Brent L. Saunders bought 5,250 shares of Allergan plc stock in a transaction dated Monday, November 21st. The stock was purchased at an average cost of $189.13 per share, with a total value of $992,932.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nesli Basgoz sold 500 shares of the stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $188.72, for a total transaction of $94,360.00. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGN. Edgewood Management LLC bought a new position in Allergan plc during the fourth quarter worth $530,518,000. Veritas Asset Management LLP bought a new position in Allergan plc during the second quarter worth $492,177,000. Lazard Asset Management LLC increased its position in Allergan plc by 53.8% in the third quarter. Lazard Asset Management LLC now owns 3,017,790 shares of the company’s stock worth $695,025,000 after buying an additional 1,055,305 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Allergan plc during the third quarter worth $230,322,000. Finally, Russell Investments Group Ltd. bought a new position in Allergan plc during the fourth quarter worth $155,955,000. 86.40% of the stock is owned by hedge funds and other institutional investors.
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.
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 Analyst Ratings Network's FREE daily email newsletter.