Allergan plc (AGN) could lead to an upward move

Allergan plc (AGN) could lead to an upward move”

The median estimate represents a 39.81% increase from the last price. On September 20, 2017 the stock rating was set at "Equal-Weight" in a report from Morgan Stanley which was a cut from the previous "Overweight" rating.

Allergan plc (AGN) was up +1.41% ($2.49) to $178.82 and showed a volume of 3.77 mln shares.

On October 18 the stock rating was downgraded to "Outperform" from "Sell" and a price target of $243.00 was set in a report from Edward Jones. The percentage of shares being held by the company management was 0.2% while institutional stake was 86.1%. The average investment rating for AGN on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.00 or a Moderate Buy.

Investment firms have released opinions on the company of late. The Alabama-based Mitchell Mcleod Pugh & Williams has invested 0.73% in Allergan plc Ordinary Shares (NYSE:AGN).

Allergan plc Ordinary Shares now has a P/E ratio of 5.40 and market capitalization is 59.25B. Allergan plc (NYSE:AGN) shares have been recently spotted -31.25% away from the 52-week high, and 1.09% away from the 52-week low mark.

Shares last traded at $177.23 impressively lower than the 50 day moving average of $202.46 and much lower than the 200 day moving average of $227.37.

Allergan's medical aesthetics business generated $602.3 million in sales in the quarter, up almost 55 percent from a year ago, while sales of Restasis came in at $382.3 million, beating Cowen & Co's estimate of $355 million.

Third-quarter net revenues rose 11% to $4.03bn. Allergan PLC. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. Short shares decreased 344,820 over that period. On average, analysts forecast that Allergan PLC. will post $16.21 EPS for the current fiscal year.

The company is trading down by 0.79% percent from yesterday's close. This buyback authorization authorizes the company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

WARNING: "Allergan PLC. (AGN) PT Set at $250.00 by Royal Bank Of Canada" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another publication, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark laws. The legal version of this story can be read at Cable Hill Partners LLC grew its holdings in Allergan 255.2% during the third quarter. The number of shares now owned by investors are 335.2 mln. Pathstone Family Office LLC boosted its position in shares of Allergan 3,327.3% in the second quarter. Rockefeller Financial Services Inc. now owns 541 shares of the company's stock valued at $111,000 after buying an additional 400 shares during the period. Clear Harbor Asset Management, LLC now controls 5,039 shares with a value of $1,033,000. Stockholders of record on Friday, November 17th will be issued a dividend of $0.70 per share.

Investors are a little more bullish on shares of the company lately if you pay attention to the downtick in short interest. LLC now owns 500 shares of the company's stock worth $122,000 after purchasing an additional 385 shares in the last quarter.

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.

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