Perrigo Company (PRGO) Stock Rating Reaffirmed by Wells Fargo & Company

Wells Fargo & Company reiterated their market perform rating on shares of Perrigo Company (NYSE:PRGO) in a research note released on Tuesday. Wells Fargo & Company currently has a $77.00 price target on the stock.

Several other research firms have also recently issued reports on PRGO. Jefferies Group LLC reaffirmed a hold rating and set a $71.00 price objective (up from $69.00) on shares of Perrigo in a research report on Friday, August 11th. Stifel Nicolaus reaffirmed a hold rating on shares of Perrigo in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) raised Perrigo from a sell rating to a neutral rating and upped their price objective for the stock from $66.00 to $79.00 in a research report on Friday, August 11th. Royal Bank Of Canada upped their price objective on Perrigo from $60.00 to $64.00 and gave the stock an underperform rating in a research report on Friday, August 11th. Finally, Cantor Fitzgerald set a $85.00 price objective on Perrigo and gave the stock a buy rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $86.83.

Shares of Perrigo (NYSE PRGO) opened at 77.27 on Tuesday. The firm has a 50-day moving average price of $73.91 and a 200-day moving average price of $73.22. The stock’s market capitalization is $11.02 billion. Perrigo has a 1-year low of $63.68 and a 1-year high of $99.14.

Perrigo (NYSE:PRGO) last released its quarterly earnings data on Thursday, August 10th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.28. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Perrigo had a positive return on equity of 11.55% and a negative net margin of 51.04%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. On average, equities research analysts forecast that Perrigo will post $4.58 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Perrigo Company (PRGO) Stock Rating Reaffirmed by Wells Fargo & Company” was published by BNB Daily and is the property of of BNB Daily. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/19/perrigo-company-prgo-stock-rating-reaffirmed-by-wells-fargo-company.html.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 23rd. Perrigo’s dividend payout ratio is presently -3.51%.

Hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its stake in Perrigo by 25.1% in the second quarter. Toronto Dominion Bank now owns 48,394 shares of the company’s stock valued at $3,654,000 after buying an additional 9,702 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Perrigo by 62.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 7,000 shares of the company’s stock valued at $528,000 after buying an additional 2,700 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Perrigo during the second quarter valued at approximately $1,174,000. Bank of Nova Scotia increased its stake in Perrigo by 7.8% in the second quarter. Bank of Nova Scotia now owns 3,469 shares of the company’s stock valued at $262,000 after buying an additional 250 shares in the last quarter. Finally, Roberts Glore & Co. Inc. IL bought a new stake in Perrigo during the second quarter valued at approximately $332,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Perrigo Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply