Other equities analysts have also issued reports about the stock. Cantor Fitzgerald set a $107.00 price objective on shares of Perrigo and gave the company a buy rating in a research report on Thursday, December 28th. Oppenheimer set a $98.00 price objective on shares of Perrigo and gave the company a buy rating in a research report on Monday, March 5th. Finally, Berenberg Bank initiated coverage on shares of Perrigo in a research report on Thursday, February 1st. They issued a buy rating and a $117.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $91.88.
Shares of PRGO opened at $82.73 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.96. The company has a market cap of $11,615.96, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.76. Perrigo has a 12-month low of $63.68 and a 12-month high of $95.93.
In other Perrigo news, CEO Uwe Roehrhoff bought 7,500 shares of Perrigo stock in a transaction on Monday, March 5th. The stock was bought at an average price of $81.85 per share, with a total value of $613,875.00. Following the completion of the acquisition, the chief executive officer now owns 4,900 shares in the company, valued at $401,065. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in PRGO. Russell Investments Group Ltd. lifted its holdings in Perrigo by 38.0% in the third quarter. Russell Investments Group Ltd. now owns 18,889 shares of the company’s stock valued at $1,599,000 after acquiring an additional 5,203 shares during the period. Wells Fargo & Company MN lifted its holdings in Perrigo by 17.2% in the third quarter. Wells Fargo & Company MN now owns 157,409 shares of the company’s stock valued at $13,324,000 after acquiring an additional 23,068 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Perrigo by 40.8% in the third quarter. Dimensional Fund Advisors LP now owns 622,690 shares of the company’s stock valued at $52,699,000 after acquiring an additional 180,348 shares during the period. Allianz Asset Management GmbH acquired a new stake in Perrigo in the third quarter valued at $217,000. Finally, Highbridge Capital Management LLC acquired a new stake in Perrigo in the third quarter valued at $442,000. 79.16% of the stock is owned by institutional investors.
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Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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