Allergan PLC. (NYSE:AGN)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued to investors on Wednesday. They presently have a $280.00 target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 30.23% from the company’s previous close.

AGN has been the topic of several other reports. Cowen and Company set a $400.00 price objective on Allergan PLC. and gave the company a “buy” rating in a research report on Thursday, June 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Allergan PLC. in a report on Thursday, May 25th. Mizuho lowered their price target on Allergan PLC. from $275.00 to $267.00 and set a “buy” rating on the stock in a report on Friday, June 9th. Royal Bank Of Canada reissued a “buy” rating and set a $285.00 price target on shares of Allergan PLC. in a report on Wednesday, September 6th. Finally, Cantor Fitzgerald began coverage on Allergan PLC. in a report on Friday, June 16th. They set a “neutral” rating and a $231.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $273.34.

Shares of Allergan PLC. (NYSE:AGN) traded down 2.495% during mid-day trading on Wednesday, reaching $209.635. The company had a trading volume of 3,914,471 shares. Allergan PLC. has a one year low of $184.50 and a one year high of $256.80. The company has a 50 day moving average price of $229.79 and a 200 day moving average price of $236.07. The company has a market capitalization of $70.08 billion, a price-to-earnings ratio of 6.387 and a beta of 1.18.

Allergan PLC. (NYSE:AGN) last released its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.07. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. On average, analysts anticipate that Allergan PLC. will post $16.25 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This report was posted by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/allergan-plc-s-agn-buy-rating-reaffirmed-at-citigroup-inc/1576295.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in AGN. Waldron LP bought a new stake in Allergan PLC. in the first quarter worth about $348,000. Pillar Pacific Capital Management LLC lifted its stake in Allergan PLC. by 11.0% in the first quarter. Pillar Pacific Capital Management LLC now owns 18,070 shares of the company’s stock worth $4,318,000 after purchasing an additional 1,797 shares during the last quarter. Chicago Equity Partners LLC lifted its stake in Allergan PLC. by 1,614.8% in the first quarter. Chicago Equity Partners LLC now owns 26,150 shares of the company’s stock worth $6,248,000 after purchasing an additional 24,625 shares during the last quarter. Trust Investment Advisors lifted its stake in Allergan PLC. by 9.1% in the first quarter. Trust Investment Advisors now owns 2,345 shares of the company’s stock worth $560,000 after purchasing an additional 196 shares during the last quarter. Finally, Wrapmanager Inc. lifted its stake in Allergan PLC. by 8.1% in the first quarter. Wrapmanager Inc. now owns 7,770 shares of the company’s stock worth $1,856,000 after purchasing an additional 581 shares during the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Allergan PLC. (NYSE:AGN)

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.