Could Allergan Plc (NYSE:AGN) Change Direction After More Shorts?

(NYSE:AGN) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company's revenue was up 11.4% compared to the same quarter last year. equities research analysts expect that Allergan will post 16.28 EPS for the current fiscal year.

Analysts await National Oilwell Varco, Inc. American Research & Management Co owns 33 shares or 0% of their USA portfolio. Sumitomo Life Insurance Co. now owns 15,122 shares of the company's stock worth $3,099,000 after buying an additional 4,244 shares during the period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Green Square Capital LLC now owns 5,916 shares of the company's stock worth $1,413,000 after purchasing an additional 203 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Allergan by 39.0% during the third quarter. 135 were reported by Gemmer Asset Management Ltd Co.

Allergan plc (AGN) shows its Return on Assets (ROA) value of -6 percent, while the Return on Equity (ROE) value is -10.8 percent and Return on Investment (ROI) value stands at 0.1 percent.

A number of brokerages recently issued reports on AGN. Deutsche Bank reissued a "buy" rating and set a $278.00 price target (up from $273.00) on shares of Allergan in a report on Wednesday, August 9th. S&P Research maintained it with "Buy" rating and $385 target in Friday, October 30 report. The firm has "Neutral" rating given on Wednesday, May 10 by Goldman Sachs. The stock of Allergan plc (NYSE:AGN) has "Overweight" rating given on Wednesday, November 29 by Morgan Stanley. (NYSE:NOV) rating on Friday, July 7. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. With 6.24 million shares average volume, it will take short sellers 1 days to cover their AGN's short positions. Allergan has a fifty-two week low of $160.07 and a fifty-two week high of $256.80. Allergan plc (NYSE:AGN) now has a Piotroski F-Score of 4. As per Tuesday, November 1, the company rating was maintained by Mizuho. Mitchell Mcleod Pugh Williams holds 0.73% in Allergan plc (NYSE:AGN) or 3,975 shares. After $-0.07 actual earnings per share reported by National Oilwell Varco, Inc. for the previous quarter, Wall Street now forecasts -42.86% EPS growth. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business posted $3.32 EPS. Finally, Clear Harbor Asset Management LLC lifted its stake in shares of Allergan by 67.7% during the third quarter. Stockholders of record on Friday, November 17th will be paid a $0.70 dividend.

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The stock decreased 2.70% or $0.05 during the last trading session, reaching $1.8. The ex-dividend date of this dividend is Tuesday, May 16th. Allergan's dividend payout ratio is presently -12.39%.

Allergan declared that its Board of Directors has initiated a stock buyback program on Monday, September 25th that authorizes the company to buyback $2.00 billion in shares. The company had Year Ago Sales of $4.05 Billion. This buyback authorization allows the company to purchase up to 2.8% of its stock through open market purchases. The firm has "Hold" rating given on Tuesday, August 29 by Cantor Fitzgerald. The Montgomery Investment Management Inc holds 66,751 shares with $2.20M value, down from 76,358 last quarter. The shares were bought at an average cost of $163.30 per share, for a total transaction of $1,633,000.00. The disclosure for this sale can be found here.

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Keeping an eyeball on Gross profit Margin, Net profit Margin & Operating Margin, the Gross profit margin of 86.60%; the net profit margin of -48.60% while its Operating margin was -65.70% for Allergan plc (AGN). 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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