Perrigo (PRGO) Receives $91.88 Average Target Price from Analysts

Shares of Perrigo (NYSE:PRGO) have been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $93.44.

PRGO has been the topic of several research reports. Canaccord Genuity set a $105.00 price target on shares of Perrigo and gave the company a “buy” rating in a report on Monday, March 26th. Cantor Fitzgerald set a $107.00 target price on shares of Perrigo and gave the stock a “buy” rating in a research report on Friday, January 5th. Finally, Oppenheimer reiterated a “buy” rating and set a $98.00 target price on shares of Perrigo in a research report on Tuesday, February 27th.

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In other Perrigo news, CEO Uwe Roehrhoff acquired 7,500 shares of the company’s stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $81.85 per share, with a total value of $613,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,900 shares in the company, valued at $401,065. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of Perrigo during the 4th quarter worth approximately $104,000. ARP Americas LP acquired a new stake in Perrigo during the fourth quarter worth about $212,000. Quantitative Systematic Strategies LLC acquired a new stake in Perrigo during the fourth quarter worth about $213,000. Investors Research Corp acquired a new stake in Perrigo during the fourth quarter worth about $214,000. Finally, V Wealth Management LLC acquired a new stake in Perrigo during the fourth quarter worth about $214,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Perrigo stock traded down $2.67 during midday trading on Wednesday, hitting $77.82. 1,544,358 shares of the company traded hands, compared to its average volume of 1,018,696. The firm has a market capitalization of $11,535.68, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76. The company has a current ratio of 1.96, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Perrigo has a 12 month low of $63.68 and a 12 month high of $95.93.

Perrigo (NYSE:PRGO) last announced its quarterly earnings results on Thursday, March 1st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. Perrigo had a net margin of 2.42% and a return on equity of 11.54%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. research analysts anticipate that Perrigo will post 5.23 earnings per share for the current year.

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Perrigo Company Profile

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.

Analyst Recommendations for Perrigo (NYSE:PRGO)

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