Share on StockTwits

Perrigo Company PLC (NASDAQ:PRGO) VP Jeffrey Needham sold 10,205 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $148.54, for a total transaction of $1,515,850.70. Following the completion of the transaction, the vice president now directly owns 5,199 shares in the company, valued at approximately $772,259. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PRGO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Perrigo Company PLC in a research note on Monday, August 18th. They now have a $156.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Perrigo Company PLC from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $180.00 price target on the stock, up previously from $157.00. Finally, 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, August 15th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Perrigo Company PLC has a consensus rating of “Buy” and an average price target of $166.92.

Shares of Perrigo Company PLC (NASDAQ:PRGO) traded up 0.81% during mid-day trading on Thursday, hitting $150.03. The stock had a trading volume of 709,588 shares. Perrigo Company PLC has a 1-year low of $117.80 and a 1-year high of $168.39. The stock’s 50-day moving average is $149.7 and its 200-day moving average is $148.7. The company has a market cap of $20.077 billion and a P/E ratio of 84.08.

Perrigo Company PLC (NASDAQ:PRGO) last announced its earnings results 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. Analysts expect that Perrigo Company PLC will post $7.39 EPS 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%. The ex-dividend date is Wednesday, August 27th.

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.

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.