Perrigo Company (NYSE:PRGO)‘s stock had its “hold” rating restated by Stifel Nicolaus in a report issued on Friday.

A number of other research firms have also recently weighed in on PRGO. Goldman Sachs Group, Inc. (The) upgraded Perrigo from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $79.00 in a report on Friday. Royal Bank Of Canada reiterated a “hold” rating and set a $66.00 price target on shares of Perrigo in a report on Wednesday, May 24th. Deutsche Bank AG reiterated a “buy” rating and set a $88.00 price target (up from $86.00) on shares of Perrigo in a report on Monday, July 17th. Canaccord Genuity set a $86.00 target price on Perrigo and gave the company a “buy” rating in a report on Monday, May 22nd. Finally, Cantor Fitzgerald initiated coverage on Perrigo in a report on Friday, June 16th. They set an “overweight” rating and a $85.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Perrigo presently has a consensus rating of “Hold” and a consensus target price of $85.31.

Perrigo (NYSE PRGO) opened at 78.49 on Friday. Perrigo has a 1-year low of $63.68 and a 1-year high of $99.14. The firm’s 50-day moving average is $73.59 and its 200 day moving average is $73.05. The stock’s market capitalization is $11.26 billion.

Perrigo (NYSE:PRGO) last issued its earnings results on Thursday, August 10th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Perrigo had a positive return on equity of 11.37% and a negative net margin of 51.04%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company earned $1.93 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts anticipate that Perrigo will post $4.32 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Korea Investment CORP raised its position in Perrigo by 142.0% in the second quarter. Korea Investment CORP now owns 1,331 shares of the company’s stock worth $101,000 after buying an additional 781 shares during the last quarter. Commonwealth Bank of Australia raised its position in Perrigo by 13.8% in the second quarter. Commonwealth Bank of Australia now owns 1,455 shares of the company’s stock worth $108,000 after buying an additional 176 shares during the last quarter. Johnson Financial Group Inc. raised its position in Perrigo by 15.6% in the first quarter. Johnson Financial Group Inc. now owns 1,775 shares of the company’s stock worth $118,000 after buying an additional 240 shares during the last quarter. Global X Management Co. LLC raised its position in Perrigo by 56.4% in the first quarter. Global X Management Co. LLC now owns 2,370 shares of the company’s stock worth $157,000 after buying an additional 855 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Perrigo by 1,046.2% in the second quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock worth $169,000 after buying an additional 2,040 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Perrigo (NYSE:PRGO)

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