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Allergan’s Stock Price Performance in September

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Allergan

Allergan (AGN) is a specialty pharmaceutical company that develops a variety of products through internal programs as well as in collaboration with other companies. Allergan’s stock price has decreased by nearly 0.6% to its closing price of $191.31 on September 21, compared to its closing price on September 20.

The chart below compares the changes in analysts’ recommendations since January. This series covers some of Allergan’s developments in September.

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Stock price performance

Allergan’s stock price has increased ~16.9% YTD (year-to-date) through September 21. However, it has posted a 12-month return of -5.6%. Allergan’s stock price has decreased 0.2% during the month through September 21.

Analysts’ recommendations

On September 21, 23 analysts tracked Allergan stock. Four analysts recommended a “strong buy,” 12 analysts recommended a “buy,” and seven analysts recommended a “hold.” None of the analysts recommended a “sell” for Allergan stock. The consensus rating for Allergan stands at 2.13, which represents a “strong buy” for long-term growth investors as well as value investors. 

Analysts expect to see 10.6% growth in Allergan stock over the next 12 months to a target price of $211.58 per share, compared to its closing price of $191.31 per share on September 21.

The iShares US Pharmaceuticals ETF (IHE) holds 5.7% of its total investments in Allergan (AGN), 6.9% in Eli Lilly & Co. (LLY), 8.2% in Merck & Co. (MRK), and 10.7% in Johnson & Johnson (JNJ).

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