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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/perrigo-co-nyseprgo-receives-consensus-rating-of-hold-from-brokerages.html

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%.

About Perrigo

5 Day Chart for NYSE:PRGO

Receive News & Ratings for Perrigo Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo Co. and related companies with MarketBeat.com's FREE daily email newsletter.