Allergan Stock Falls on Declining U.S. Medicine Revenue, Goldman Downgrade

Allergan Inc

This is an increase of 347% compared to the typical daily volume of 1,990 put options.

In related news, Director Paul Bisaro sold 70,000 shares of the company's stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $246.68, for a total transaction of $17,267,600.00. The Beta for the stock stands at 1.17. Enterprise Financial Services Corp now owns 462 shares of the company's stock valued at $110,000 after buying an additional 178 shares during the last quarter. GWM Advisors LLC boosted its position in Allergan plc by 0.4% in the first quarter. 3 analysts have the stock rated Hold, and 0 are giving a Sell recommendation. Tarbox Group Inc. now owns 2,393 shares of the company's stock worth $572,000 after buying an additional 15 shares during the last quarter. RSI measures the speed and change of a stock price to warn investors when a stock's momentum has carried it too far.

Several research firms recently commented on AGN. Goldman Sachs Group Inc lowered Allergan plc from a "buy" rating to a "neutral" rating and set a $262.00 price target for the a research report on Wednesday.

Now the shares of Allergan plc (AGN) has a trading volume of 5.68 Million shares, with an average trading volume of 2000 shares - with shares dropping to a 52 week low of $183.98, and the company's shares hitting a 52 week high of $ 260.53. Citigroup Inc reaffirmed a "focus list" rating and set a $261.27 price target (up previously from $184.50) on shares of Allergan plc in a research report on Friday, April 21st. Allergan plc has a 12 month low of $184.50 and a 12 month high of $261.27. Finally, Mizuho reissued a "buy" rating and issued a $273.00 target price on shares of Allergan plc in a research note on Friday, January 6th. The average stock price target is $293.75 with 7 brokers rating the stock a strong buy, 11 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

This company has been competing with others in the Healthcare space and offers its own combination of interesting factors Allergan plc (AGN) now trades with a market capitalization of $81.87 Billion.

Allergan plc (AGN) shares saw a recent bid of $229.72 and 5.68M shares have exchanged hands in the recent trading session, yielding a -5.76% decline over the past week. The company is expected to report EPS as high as $4.26 and as low as $3.80 per share.

Allergan plc (AGN) closed 4.48% above its 200-day moving average and is -0.63% below another chart threshold, its 50-day moving average. The company has a market capitalization of $77.01 billion, a P/E ratio of 6.02 and a beta of 1.07.

Allergan plc (NYSE:AGN) last released its quarterly earnings results on Tuesday, May 9th. Revenue for the quarter also killed consensus, coming in at $3.57B, compared to the consensus of 3.53B. Allergan plc's quarterly revenue was up 5.1% compared to the same quarter past year. During the same period in the previous year, the firm posted $3.04 earnings per share. On average, equities research analysts predict that Allergan plc will post $16.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 18th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.22%.

On 5/5/2017 Allergan plc announced a quarterly dividend of $0.70 with an ex dividend date of 5/16/2017 which will be payable on 6/15/2017.

ILLEGAL ACTIVITY WARNING: "Allergan plc Target of Unusually Large Options Trading (AGN)" was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of USA and global trademark and copyright legislation. (NYSE:AGN) increased the target price from $0.00 to $256.33. Out of the 10 covering analysts offering stock ratings for Allergan, Inc.

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