Perrigo Co. (NYSE:PRGO) Receives Consensus Rating of “Hold” from Brokerages
Shares of Perrigo Co. (NYSE:PRGO) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $99.13.
Several research analysts have commented on PRGO shares. Vetr downgraded shares of Perrigo from a “strong-buy” rating to a “buy” rating and set a $98.60 price target on the stock. in a research note on Monday, July 25th. Deutsche Bank AG raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Friday, July 22nd. Zacks Investment Research raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Wednesday, July 20th. Guggenheim reaffirmed a “buy” rating and issued a $125.00 target price on shares of Perrigo in a research note on Monday, August 22nd. Finally, Raymond James Financial Inc. reaffirmed a “hold” rating on shares of Perrigo in a research note on Wednesday, June 15th.
In other Perrigo news, EVP Judy L. Brown sold 2,095 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $88.28, for a total value of $184,946.60. Following the completion of the transaction, the executive vice president now owns 16,292 shares of the company’s stock, valued at approximately $1,438,257.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gary K. Kunkle, Jr. sold 5,814 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $89.95, for a total value of $522,969.30. Following the completion of the transaction, the director now directly owns 31,501 shares of the company’s stock, valued at approximately $2,833,514.95. The disclosure for this sale can be found here. 4.47% of the stock is owned by company insiders.
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A number of institutional investors have recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new position in shares of Perrigo during the second quarter worth $105,000. Balentine LLC raised its position in shares of Perrigo by 28.3% in the first quarter. Balentine LLC now owns 1,044 shares of the company’s stock worth $134,000 after buying an additional 230 shares during the period. Advisor Group Inc. acquired a new position in shares of Perrigo during the second quarter worth $139,000. Johnson Financial Group Inc. raised its position in shares of Perrigo by 858.5% in the second quarter. Johnson Financial Group Inc. now owns 1,524 shares of the company’s stock worth $139,000 after buying an additional 1,365 shares during the period. Finally, Hall Laurie J Trustee raised its position in shares of Perrigo by 49.1% in the second quarter. Hall Laurie J Trustee now owns 1,670 shares of the company’s stock worth $156,000 after buying an additional 550 shares during the period. 71.11% of the stock is owned by institutional investors and hedge funds.
Shares of Perrigo (NYSE:PRGO) traded down 0.63% on Wednesday, reaching $92.78. 709,020 shares of the company traded hands. The stock’s market capitalization is $13.29 billion. Perrigo has a one year low of $82.50 and a one year high of $173.48. The stock’s 50 day moving average price is $91.06 and its 200-day moving average price is $102.39.
Perrigo (NYSE:PRGO) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $1.98 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $2.18 earnings per share. Equities analysts forecast that Perrigo will post $7.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Wednesday, August 24th. Perrigo’s dividend payout ratio (DPR) is -60.42%.
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