NEW YORK ( TheStreet) -- Allergan (NYSE: AGN) hit a new 52-week high Thursday as it is currently trading at $89.82, above its previous 52-week high of $89.58 with 73,664 shares traded as of 9:55 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Allergan has a market cap of $26.99 billion and is part of the health care sector and drugs industry. Shares are up 1.8% year to date as of the close of trading on Wednesday. Allergan, Inc. operates as a multi-specialty healthcare company primarily in the United States, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 29.7, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Allergan as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Allergan Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.