Allergan plc Ordinary Shares (AGN) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 232 from a previous price target of $250 . Mizuho advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on Allergan plc Ordinary Shares. Shares were Downgraded by Piper Jaffray on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 238 from a previous price target of $311 .Allergan plc Ordinary Shares was Initiated by Guggenheim to “Neutral” on Apr 18, 2016. Goldman Resumed Allergan plc Ordinary Shares on Apr 18, 2016 to “Buy”, Price Target of the shares are set at $275.
On the company’s financial health, Allergan plc Ordinary Shares reported $3.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $3.01. The company had revenue of $3796.00 million for the quarter, compared to analysts expectations of $3949.70 million. The company’s revenue was up 48.1% compared to the same quarter last year.
Allergan plc Ordinary Shares opened for trading at $223.5 and hit $228.72 on the upside on Tuesday, eventually ending the session at $225, with a gain of 5.28% or 11.29 points. The heightened volatility saw the trading volume jump to 1,06,16,704 shares. Company has a market cap of $88,805 M.
In a different news, on May 12, 2016, Nesli Basgoz (director) sold 459 shares at $225.10 per share price. According to the SEC, on Aug 24, 2015, Brent L Saunders (CEO) purchased 1,000 shares at $301.94 per share price. On Aug 24, 2015, Paul Bisaro (Exec Chairman) purchased 1,000 shares at $297.42 per share price, according to the Form-4 filing with the securities and exchange commission.