Wall Street analysts’ estimates
Allergan (AGN) surpassed Wall Street analysts’ estimates for earnings per share (or EPS) and revenues, reporting EPS of $3.74 on revenues of $3.7 billion during 1Q18. Analysts expect Allergan’s top line to fall 3.3% to ~$3.9 billion in 2Q18. Its earnings per share are expected to reach $4.03 in 2Q18. The chart below shows analysts’ recommendations over the last 12 months.
Allergan’s stock price has fallen ~39.5% over the last 12 months, and it’s fallen ~9.8% in 2018 year-to-date. Analysts’ estimates show that the stock has a potential to return ~40.5% over the next 12 months. Wall Street analysts’ recommendations show a 12-month target price of $207.35 per share, compared to its price of $151.07 per share on May 2.
On May 4, 26 analysts were tracking Allergan stock. Of these analysts, five recommended a “strong buy,” 12 recommended a “buy,” and seven recommended a “hold.” None of the analysts recommended a “sell” for Allergan. The consensus rating for Allergan stands at ~2.2, which represents a “strong buy” for momentum and long-term investors.
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