The Perrigo Co. (PRGO) Given Average Recommendation of “Hold” from Brokerages

The Perrigo Co. (PRGO) Given Average Recommendation of “Hold” from Brokerages

Perrigo Co. (NYSE:PRGO) has received an average rating of “Hold” from the twenty-one research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $99.13.

A number of brokerages have commented on PRGO. B. Riley restated a “neutral” rating and issued a $87.00 target price on shares of Perrigo in a research note on Saturday, August 20th. Barclays PLC decreased their target price on Perrigo from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, August 11th. Jefferies Group decreased their target price on Perrigo from $97.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, August 11th. Deutsche Bank AG restated a “buy” rating and issued a $105.00 target price (down from $115.00) on shares of Perrigo in a research note on Thursday, August 11th. Finally, Leerink Swann set a $81.00 target price on Perrigo and gave the company a “hold” rating in a research note on Wednesday, August 10th.

In other Perrigo news, EVP Judy L. Brown sold 2,095 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $88.28, for a total transaction of $184,946.60. Following the sale, the executive vice president now directly owns 16,292 shares of the company’s stock, valued at approximately $1,438,257.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Herman Morris, Jr. sold 1,073 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $90.96, for a total transaction of $97,600.08. Following the sale, the director now directly owns 10,425 shares in the company, valued at $948,258. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PRGO. OMERS ADMINISTRATION Corp purchased a new stake in shares of Perrigo during the first quarter valued at about $1,049,000. UBS Asset Management Americas Inc. increased its position in Perrigo by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,109,594 shares of the company’s stock worth $141,949,000 after buying an additional 129,485 shares during the period. Pacific Global Investment Management CO increased its position in Perrigo by 10.4% in the first quarter. Pacific Global Investment Management CO now owns 7,775 shares of the company’s stock worth $995,000 after buying an additional 730 shares during the period. Geode Capital Management LLC increased its position in Perrigo by 0.4% in the first quarter. Geode Capital Management LLC now owns 1,188,984 shares of the company’s stock worth $151,799,000 after buying an additional 4,632 shares during the period. Finally, Mariner Wealth Advisors LLC increased its position in 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. 71.17% of the stock is currently owned by institutional investors.

Perrigo (NYSE:PRGO) opened at 87.06 on Tuesday. The stock’s market capitalization is $12.47 billion. Perrigo has a 1-year low of $82.50 and a 1-year high of $165.63. The company has a 50-day moving average price of $92.05 and a 200 day moving average price of $95.25.

Perrigo (NYSE:PRGO) last issued its earnings results on Wednesday, August 10th. The company reported $1.93 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 10.27%. The company earned $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that Perrigo will post $7.02 EPS for the current year.

Related posts

Leave a Comment