Perrigo VP Louis Yu Unloads 1,852 Shares (PRGO)
Perrigo (NASDAQ:PRGO) VP Louis Yu unloaded 1,852 shares of Perrigo stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $124.11, for a total transaction of $229,851.72. Following the completion of the sale, the vice president now directly owns 10,840 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Perrigo currently has an average rating of “Buy” and an average price target of $129.54.
Shares of Perrigo (NASDAQ:PRGO) traded down 0.13% during mid-day trading on Wednesday, hitting $123.58. 718,878 shares of the company’s stock traded hands. Perrigo has a 52 week low of $98.79 and a 52 week high of $134.31. The stock’s 50-day moving average is $124.2 and its 200-day moving average is $120.5. The company has a market cap of $11.630 billion and a price-to-earnings ratio of 26.44.
Perrigo (NASDAQ:PRGO) last released its earnings data on Thursday, August 15th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters 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 announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.29%. The ex-dividend date 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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