At the time of writing, Perrigo Company plc [PRGO] stock is trading at $26.38, up 2.37%. 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 2.17% over the last week, with a monthly amount glided 0.57%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Piper Sandler started tracking the stock with Overweight rating on November 17, 2023, and set its price target to $37. On March 07, 2023, Canaccord Genuity initiated with a Buy rating and assigned a price target of $49 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $46 on September 14, 2022. Wells Fargo upgraded its rating to a Overweight and raised its price target to $54 on September 06, 2022. Raymond James upgraded its rating to Outperform for this stock on October 14, 2021, but kept the price target unchanged to $59. In a note dated September 30, 2021, Jefferies upgraded an Buy rating on this stock and boosted its target price from $45 to $63.
For the past year, the stock price of Perrigo Company plc fluctuated between $23.89 and $34.60. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. Perrigo Company plc [NYSE: PRGO] shares were valued at $26.38 at the most recent close of the market. An investor can expect a potential return of 59.21% based on the average PRGO price forecast.
Analyzing the PRGO fundamentals
According to Perrigo Company plc [NYSE:PRGO], the company’s sales were 4.43B for trailing twelve months, which represents an -10.68% plunge. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
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 25.88 points at the first support level, and at 25.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.66, and for the 2nd resistance point, it is at 26.93.
Ratios To Look Out For
It is important to note that Perrigo Company plc [NYSE:PRGO] has a current ratio of 1.99. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 0.81, the price to book ratio is 0.79.
Transactions by insiders
Recent insider trading involved Doyle Katherine C., Director, that happened on Sep 13 ’24 when 8954.0 shares were sold. Director, Doyle Katherine C. completed a deal on Sep 13 ’24 to buy 8954.0 shares. Meanwhile, EVP, Gbl Ops & SC & CTO Janish Ronald Craig sold 13000.0 shares on Aug 26 ’24.
