Share on StockTwits

Perrigo Company PLC (NASDAQ:PRGO) was upgraded by research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Friday, reports. The firm currently has a $180.00 price target on the stock, up from their previous price target of $157.00. B. Riley’s target price suggests a potential upside of 20.57% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Perrigo Company PLC from $160.00 to $176.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Perrigo Company PLC in a research note on Tuesday, July 22nd. They set a “buy” rating and a $189.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of Perrigo Company PLC from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Perrigo Company PLC currently has a consensus rating of “Buy” and a consensus target price of $167.83.

Perrigo Company PLC (NASDAQ:PRGO) opened at 149.29 on Friday. Perrigo Company PLC has a 52 week low of $115.94 and a 52 week high of $168.39. The stock’s 50-day moving average is $149.9 and its 200-day moving average is $148.. The company has a market cap of $19.975 billion and a price-to-earnings ratio of 81.94.

Perrigo Company PLC (NASDAQ:PRGO) last issued its quarterly earnings data on Thursday, August 14th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts predict that Perrigo Company PLC will post $7.50 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.28%.

Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.