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Perrigo Company PLC (NASDAQ:PRGO)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday. They currently have a $156.00 price objective on the stock. Zacks‘s price objective would suggest a potential upside of 5.03% from the stock’s previous close.

Zacks’ analyst wrote, “Perrigo performed well in the fourth quarter of fiscal 2014, beating both on sales and earnings. The company’s fourth-quarter fiscal 2014 earnings of $1.74 per share beat the Zacks Consensus Estimate of $1.55. Higher-than-expected revenues led to the earnings beat. Moreover, fourth quarter earnings were 11% above the year-ago figure. Net sales in the quarter climbed 18% to $1.14 billion. Revenues were above the Zacks Consensus Estimate of $1.09 billion. For fiscal 2014, Perrigo reported earnings of $6.39 per share up 14%. The company expects fiscal 2015 adjusted earnings per share in the range of $7.20 to $7.50. We maintain our Neutral view on the stock. Our target price is $156.00 per share. “

Perrigo Company PLC (NASDAQ:PRGO) traded down 1.29% on Monday, hitting $146.62. The stock had a trading volume of 671,995 shares. Perrigo Company PLC has a one year low of $115.94 and a one year high of $168.39. The stock has a 50-day moving average of $149.9 and a 200-day moving average of $148.9. The company has a market cap of $19.620 billion and a price-to-earnings ratio of 83.92.

Perrigo Company PLC (NASDAQ:PRGO) last posted its quarterly earnings results on Thursday, August 14th. The company reported $1.74 EPS for the quarter, beating the Thomson Reuters 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 $7.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 29th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, August 27th.

Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley upgraded shares of Perrigo Company PLC from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $180.00 price target on the stock, up previously from $157.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Perrigo Company PLC presently has an average rating of “Buy” and a consensus target price of $166.92.

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.

To view Zacks’ full report, visit Zacks’ official website.

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