Q3 2017 EPS Estimates for Allergan PLC. (AGN) Lifted by Gabelli
Allergan PLC. (NYSE:AGN) – Analysts at Gabelli increased their Q3 2017 EPS estimates for Allergan PLC. in a note issued to investors on Monday. Gabelli analyst K. Kedra now anticipates that the company will post earnings per share of $4.16 for the quarter, up from their prior estimate of $4.09. Gabelli also issued estimates for Allergan PLC.’s Q4 2017 earnings at $4.72 EPS.
Several other research firms have also weighed in on AGN. Mizuho reissued a “buy” rating and issued a $267.00 target price on shares of Allergan PLC. in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $285.00 price target on Allergan PLC. and gave the stock a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company increased their price target on Allergan PLC. to $278.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Deutsche Bank AG restated a “buy” rating and issued a $273.00 price target (up from $265.00) on shares of Allergan PLC. in a report on Monday, July 17th. Finally, Vetr upgraded Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 price target for the company in a report on Monday, June 26th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $275.49.
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Allergan PLC. (NYSE:AGN) opened at 231.14 on Wednesday. The stock has a market cap of $77.27 billion, a PE ratio of 7.04 and a beta of 1.16. The firm’s 50-day moving average price is $245.03 and its 200 day moving average price is $238.77. Allergan PLC. has a 1-year low of $184.50 and a 1-year high of $256.80.
Allergan PLC. (NYSE:AGN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.95 by $0.07. The firm 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%. Allergan PLC.’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $3.35 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 1.21%. Allergan PLC.’s payout ratio is currently 9.95%.
In related news, Director Nesli Basgoz sold 1,889 shares of Allergan PLC. stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $220.45, for a total transaction of $416,430.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its stake in Allergan PLC. by 1.0% in the first quarter. Capital Investment Advisors LLC now owns 6,342 shares of the company’s stock valued at $1,515,000 after buying an additional 60 shares during the last quarter. Benson Investment Management Company Inc. boosted its stake in Allergan PLC. by 1.3% in the first quarter. Benson Investment Management Company Inc. now owns 8,779 shares of the company’s stock valued at $2,097,000 after buying an additional 110 shares during the last quarter. Telemus Capital LLC boosted its stake in Allergan PLC. by 208.1% in the first quarter. Telemus Capital LLC now owns 21,012 shares of the company’s stock valued at $5,020,000 after buying an additional 14,193 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Allergan PLC. by 89.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 29,073 shares of the company’s stock valued at $6,946,000 after buying an additional 13,765 shares during the last quarter. Finally, Reliance Trust Co. of Delaware boosted its stake in Allergan PLC. by 1.2% in the first quarter. Reliance Trust Co. of Delaware now owns 13,292 shares of the company’s stock valued at $3,176,000 after buying an additional 159 shares during the last quarter. 83.63% 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.
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