Perrigo Company plc [PRGO] stock is trading at $30.25, up 1.89%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PRGO shares have gain 14.89% over the last week, with a monthly amount drifted -5.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Perrigo Company plc [NYSE: PRGO] stock has seen the most recent analyst activity on November 17, 2023, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $37. Previously, Canaccord Genuity started tracking the stock with Buy rating on March 07, 2023, and set its price target to $49. On September 14, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $46 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $54 on September 06, 2022. Raymond James upgraded its rating to a Outperform but $59 remained the price target by the analyst firm on October 14, 2021. Jefferies upgraded its rating to Buy for this stock on September 30, 2021, and upped its price target to $63.
Perrigo Company plc [PRGO] stock has fluctuated between $25.77 and $40.28 over the past year. Currently, Wall Street analysts expect the stock to reach $46.33 within the next 12 months. Perrigo Company plc [NYSE: PRGO] shares were valued at $30.25 at the most recent close of the market. An investor can expect a potential return of 53.16% based on the average PRGO price forecast.
Analyzing the PRGO fundamentals
Perrigo Company plc [NYSE:PRGO] reported sales of 4.66B for the trailing twelve months, which represents a growth of 0.17%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.76 points at the first support level, and at 29.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.83, and for the 2nd resistance point, it is at 31.42.
Perrigo Company plc [PRGO] reported earnings per share of $0.86 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.83/share, meaning a difference of $0.03 and a surprise factor of 3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.64 per share as compared to estimates of $0.62 per share, a difference of $0.02 representing a surprise of 3.20%.
Ratios To Look Out For
For context, Perrigo Company plc’s Current Ratio is 1.79. Also, the Quick Ratio is 1.07, while the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 0.86.
Transactions by insiders
Recent insider trading involved Ives Alison, EVP & Chief Scientific Officer, that happened on Mar 05 ’24 when 2490.0 shares were purchased. EVP & CHRO, Willis Robert completed a deal on Mar 01 ’24 to buy 371.0 shares. Meanwhile, CEO Lockwood-Taylor Patrick bought 9500.0 shares on Feb 29 ’24.
