Perrigo Company (PRGO) Given a $60.00 Price Target by Royal Bank Of Canada Analysts
Perrigo Company (NYSE:PRGO) received a $60.00 target price from investment analysts at Royal Bank Of Canada in a research note issued to investors on Sunday. The firm presently has a “sell” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 18.78% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Deutsche Bank AG restated a “buy” rating and issued a $88.00 target price (up previously from $86.00) on shares of Perrigo in a research note on Monday. BidaskClub upgraded shares of Perrigo from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Cantor Fitzgerald began coverage on shares of Perrigo in a research note on Friday, June 16th. They issued an “overweight” rating and a $85.00 price objective for the company. ValuEngine cut shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $85.00 price objective (down previously from $100.00) on shares of Perrigo in a research note on Thursday, June 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $86.16.
Perrigo (PRGO) traded down 0.01% on Friday, reaching $73.87. 854,952 shares of the company were exchanged. The stock’s market capitalization is $10.59 billion. The stock has a 50-day moving average price of $72.86 and a 200 day moving average price of $74.84. Perrigo has a 52 week low of $65.47 and a 52 week high of $99.14.
Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Tuesday, May 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. Perrigo had a negative net margin of 43.81% and a positive return on equity of 11.79%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.32 EPS. Perrigo’s revenue for the quarter was down 11.4% on a year-over-year basis. Analysts forecast that Perrigo will post $4.28 earnings per share for the current year.
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Several large investors have recently modified their holdings of PRGO. Cornerstone Capital Management LLC increased its stake in shares of Perrigo by 4.0% in the second quarter. Cornerstone Capital Management LLC now owns 547,968 shares of the company’s stock worth $49,684,000 after buying an additional 20,896 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Perrigo during the second quarter worth approximately $210,657,000. Accident Compensation Corp purchased a new stake in shares of Perrigo during the fourth quarter worth approximately $7,954,000. Aperio Group LLC increased its stake in shares of Perrigo by 49.5% in the first quarter. Aperio Group LLC now owns 26,238 shares of the company’s stock worth $3,357,000 after buying an additional 8,685 shares during the period. Finally, Mariner Wealth Advisors LLC increased its stake in shares of Perrigo by 39.3% in the first quarter. Mariner Wealth Advisors LLC now owns 10,784 shares of the company’s stock worth $1,380,000 after buying an additional 3,045 shares during the period. Institutional investors and hedge funds own 76.50% of the company’s stock.
Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) 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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