Several other research firms have also commented on PRGO. Bank of America Corp. reiterated a sell rating and set a $109.00 price objective on shares of Perrigo in a research note on Wednesday, June 15th. BTIG Research reiterated a neutral rating on shares of Perrigo in a research note on Friday, June 17th. Raymond James Financial Inc. reissued a hold rating on shares of Perrigo in a research report on Wednesday, June 15th. Royal Bank Of Canada reissued a sector perform rating and set a $109.00 target price on shares of Perrigo in a research report on Friday, June 3rd. Finally, Vetr downgraded shares of Perrigo from a buy rating to a hold rating and set a $98.60 target price on the stock. in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. Perrigo has a consensus rating of Hold and an average target price of $113.37.
Perrigo (NYSE:PRGO) opened at 92.33 on Tuesday. Perrigo has a 52-week low of $82.50 and a 52-week high of $167.92. The company’s market capitalization is $13.23 billion. The firm has a 50-day moving average of $91.98 and a 200 day moving average of $100.67.
Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $1.98 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 EPS. Equities analysts predict that Perrigo will post $7.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Wednesday, August 24th. Perrigo’s dividend payout ratio is presently -60.42%.
In other news, EVP Judy L. Brown sold 2,095 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $88.28, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Farrington sold 1,110 shares of the stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $96.76, for a total transaction of $107,403.60. Following the completion of the sale, the executive vice president now owns 2,970 shares of the company’s stock, valued at $287,377.20. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.
Large investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Perrigo during the second quarter worth approximately $210,657,000. Parnassus Investments CA boosted its stake in Perrigo by 53.7% in the second quarter. Parnassus Investments CA now owns 5,498,887 shares of the company’s stock valued at $498,584,000 after buying an additional 1,922,347 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in Perrigo by 157.9% in the second quarter. Manning & Napier Advisors LLC now owns 2,263,634 shares of the company’s stock valued at $205,242,000 after buying an additional 1,385,904 shares during the last quarter. Boston Partners boosted its stake in Perrigo by 392.8% in the second quarter. Boston Partners now owns 1,178,083 shares of the company’s stock valued at $106,817,000 after buying an additional 939,031 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Perrigo by 29.5% in the first quarter. Franklin Resources Inc. now owns 2,627,510 shares of the company’s stock valued at $336,140,000 after buying an additional 599,150 shares during the last quarter. Institutional investors and hedge funds own 71.11% of the company’s stock.
Receive News & Ratings for Perrigo Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo Co. and related companies with MarketBeat.com's FREE daily email newsletter.