Guggenheim Analysts Give Perrigo Co. (PRGO) a $125.00 Price Target
A number of other analysts have also weighed in on PRGO. Bank of America Corp. reiterated a sell rating and issued a $109.00 price objective on shares of Perrigo in a research note on Wednesday, June 15th. 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 report on Monday, August 15th. Deutsche Bank AG raised shares of Perrigo from a hold rating to a buy rating and set a $115.00 price target on the stock in a report on Friday, July 22nd. Argus downgraded shares of Perrigo from a buy rating to a hold rating in a report on Monday, June 20th. Finally, Zacks Investment Research raised shares of Perrigo from a hold rating to a buy rating and set a $104.00 price target on the stock in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $113.37.
Shares of Perrigo (NYSE:PRGO) opened at 93.37 on Thursday. The company’s 50 day moving average is $91.06 and its 200 day moving average is $102.39. Perrigo has a 12 month low of $82.50 and a 12 month high of $173.48. The company’s market cap is $13.38 billion.
Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.98 by $0.05. Perrigo had a negative net margin of 2.39% and a positive return on equity of 10.19%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $2.18 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Perrigo will post $7.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Friday, August 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.62%. The ex-dividend date was Wednesday, August 24th. Perrigo’s payout ratio is currently -60.42%.
In related news, EVP Judy L. Brown sold 2,095 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $88.28, for a total transaction of $184,946.60. Following the completion of the sale, the executive vice president now directly owns 16,292 shares in the company, valued at $1,438,257.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary K. Kunkle, Jr. sold 5,814 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $89.95, for a total transaction of $522,969.30. Following the sale, the director now owns 31,501 shares of the company’s stock, valued at $2,833,514.95. The disclosure for this sale can be found here. Corporate insiders own 4.47% of the company’s stock.
Several large investors have recently made changes to their positions in PRGO. Amica Retiree Medical Trust bought a new stake in shares of Perrigo during the second quarter worth $105,000. Balentine LLC boosted its stake 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 in the last quarter. Advisor Group Inc. bought a new stake in shares of Perrigo during the second quarter worth $139,000. Johnson Financial Group Inc. boosted its stake 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 in the last quarter. Finally, Hall Laurie J Trustee boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 71.11% of the company’s stock.
Perrigo Company Profile
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