Allergan (NYSE:AGN) was upgraded by Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Friday. The firm currently has a $189.60 price target on the stock. Vetr‘s price objective would indicate a potential upside of 1.43% from the stock’s previous close.
A number of other research analysts also recently issued reports on AGN. Barclays reiterated an “equal weight” rating on shares of Allergan in a report on Monday, October 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Allergan in a report on Monday, October 2nd. Piper Jaffray Companies set a $227.00 price target on Allergan and gave the company a “hold” rating in a report on Friday, October 6th. Cowen reiterated a “buy” rating on shares of Allergan in a report on Thursday, October 12th. Finally, Cantor Fitzgerald set a $231.00 price target on Allergan and gave the company a “hold” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $227.43.
Shares of Allergan (NYSE AGN) traded down $0.19 during midday trading on Friday, reaching $186.93. The company’s stock had a trading volume of 1,974,584 shares, compared to its average volume of 2,750,000. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The company has a market cap of $62,230.00, a price-to-earnings ratio of -8.27, a PEG ratio of 1.38 and a beta of 1.11. Allergan has a 1-year low of $160.07 and a 1-year high of $256.80.
In related news, Chairman Brent L. Saunders acquired 4,600 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price of $164.74 per share, with a total value of $757,804.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chris W. Bodine acquired 3,030 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was bought at an average cost of $164.77 per share, with a total value of $499,253.10. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,630 shares of company stock valued at $2,890,057. Insiders own 0.36% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Peloton Wealth Strategists raised its holdings in Allergan by 37.1% in the 3rd quarter. Peloton Wealth Strategists now owns 10,485 shares of the company’s stock worth $2,149,000 after purchasing an additional 2,835 shares during the period. Sumitomo Life Insurance Co. raised its holdings in Allergan by 39.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 15,122 shares of the company’s stock worth $3,099,000 after purchasing an additional 4,244 shares during the period. Colony Group LLC raised its holdings in Allergan by 9.9% in the 2nd quarter. Colony Group LLC now owns 39,802 shares of the company’s stock worth $9,675,000 after purchasing an additional 3,577 shares during the period. Clear Harbor Asset Management LLC raised its holdings in Allergan by 67.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 5,039 shares of the company’s stock worth $1,033,000 after purchasing an additional 2,035 shares during the period. Finally, Alta Capital Management LLC raised its holdings in Allergan by 1.4% in the 3rd quarter. Alta Capital Management LLC now owns 161,377 shares of the company’s stock worth $33,074,000 after purchasing an additional 2,151 shares during the period. 81.18% of the stock is owned by institutional investors and hedge funds.
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Allergan 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.
To view Vetr’s full report, visit Vetr’s official website.
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