Insider Selling: John Hendrickson Unloads 1,000 Shares of Perrigo Stock (PRGO)
Perrigo (NASDAQ:PRGO) EVP John Hendrickson sold 1,000 shares of Perrigo stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $123.46, for a total transaction of $123,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PRGO. Analysts at Zacks reiterated a “neutral” rating on shares of Perrigo (NASDAQ:PRGO) in a research note to investors on Friday, August 16th. They now have a $128.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. set a $150.00 price target on shares of Perrigo (NASDAQ:PRGO) in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Perrigo (NASDAQ:PRGO) from $135.00 to $155.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Perrigo currently has an average rating of “Buy” and an average target price of $129.54.
Shares of Perrigo (NASDAQ:PRGO) traded up 0.41% on Tuesday, hitting $123.74. The stock had a trading volume of 749,233 shares. Perrigo has a 52-week low of $98.79 and a 52-week high of $134.31. The stock has a 50-day moving average of $124.5 and a 200-day moving average of $120.4. The company has a market cap of $11.645 billion and a price-to-earnings ratio of 26.33.
Perrigo (NASDAQ:PRGO) last announced its earnings results on Thursday, August 15th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.01. The company had revenue of $967.20 million for the quarter, compared to the consensus estimate of $999.08 million. During the same quarter last year, the company posted $1.28 earnings per share. Perrigo’s revenue was up 16.3% compared to the same quarter last year. On average, analysts predict that Perrigo will post $6.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 17th. Stockholders of record on Friday, August 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, August 28th.
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products and active pharmaceutical ingredients (API).
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