Investors bought shares of Allergan PLC (NYSE:AGN) on weakness during trading hours on Tuesday. $403.56 million flowed into the stock on the tick-up and $322.36 million flowed out of the stock on the tick-down, for a money net flow of $81.20 million into the stock. Of all stocks tracked, Allergan PLC had the 3rd highest net in-flow for the day. Allergan PLC traded down ($6.62) for the day and closed at $238.67

A number of brokerages recently weighed in on AGN. Citigroup Inc. reaffirmed a “buy” rating on shares of Allergan PLC in a research note on Sunday, May 29th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $236.00 target price on shares of Allergan PLC in a research note on Saturday, June 18th. Vetr downgraded shares of Allergan PLC from a “strong-buy” rating to a “buy” rating and set a $283.05 price target on the stock. in a research note on Monday, August 8th. RBC Capital Markets reissued an “outperform” rating and set a $300.00 price target (down from $307.00) on shares of Allergan PLC in a research note on Wednesday, August 10th. Finally, Leerink Swann set a $294.00 price target on shares of Allergan PLC and gave the stock a “buy” rating in a research note on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $308.54.

The company has a market capitalization of $94.50 billion, a PE ratio of 22.72 and a beta of 0.73. The stock has a 50-day moving average of $245.54 and a 200-day moving average of $243.04.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/traders-buy-shares-of-allergan-plc-agn-on-weakness.html

Allergan PLC (NYSE:AGN) last released its earnings results on Monday, August 8th. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.01. Allergan PLC had a return on equity of 7.67% and a net margin of 28.06%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $4.41 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Allergan PLC will post $14.01 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in AGN. Barnett & Company Inc. acquired a new stake in Allergan PLC during the first quarter worth $111,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Allergan PLC during the second quarter worth $125,000. Trust Co. of Vermont raised its stake in Allergan PLC by 19.5% in the second quarter. Trust Co. of Vermont now owns 545 shares of the company’s stock worth $126,000 after buying an additional 89 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Allergan PLC by 13.2% in the first quarter. Ropes Wealth Advisors LLC now owns 497 shares of the company’s stock worth $133,000 after buying an additional 58 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in Allergan PLC by 35.2% in the second quarter. Integrated Investment Consultants LLC now owns 592 shares of the company’s stock worth $137,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 85.25% 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.

5 Day Chart for 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 MarketBeat.com's FREE daily email newsletter.