Insider Selling: Perrigo Company PLC VP Sells 4,519 Shares of Stock (PRGO)
Perrigo Company PLC (NASDAQ:PRGO) VP Michael Robert Stewart sold 4,519 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $148.78, for a total value of $672,336.82. 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 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Perrigo Company PLC currently has a consensus rating of “Buy” and a consensus target price of $166.92.
Perrigo Company PLC (NASDAQ:PRGO) traded down 0.86% during mid-day trading on Friday, hitting $148.74. 578,654 shares of the company’s stock traded hands. Perrigo Company PLC has a one year low of $121.20 and a one year high of $168.39. The stock’s 50-day moving average is $149.8 and its 200-day moving average is $148.7. The company has a market cap of $19.904 billion and a price-to-earnings ratio of 84.76.
Perrigo Company PLC (NASDAQ:PRGO) last released its 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 $7.39 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%. 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.
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