Allergan (NYSE:AGN) hit a new 52-week high Wednesday as it is currently trading at $107.73, above its previous 52-week high of $107.69 with 240,033 shares traded as of 9:45 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Allergan (NYSE: AGN) hit a new 52-week high Wednesday as it is currently trading at $107.73, above its previous 52-week high of $107.69 with 240,033 shares traded as of 9:45 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Allergan has a market cap of $31.57 billion and is part of the health care sector and drugs industry. Shares are up 14.5% year to date as of the close of trading on Tuesday. 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 30.7, above the S&P 500 P/E ratio of 17.7.
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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, solid stock price performance, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Allergan Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.