Wall Street predicts Perrigo Company plc (PRGO) stock to surge by 14.15%

A share price of Perrigo Company plc [PRGO] is currently trading at $28.91, up 1.72%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PRGO shares have gain 2.01% over the last week, with a monthly amount glided 13.77%, 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.

Perrigo Company plc experienced fluctuations in its stock price throughout the past year between $23.89 and $34.60. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. Perrigo Company plc [NYSE: PRGO] shares were valued at $28.91 at the most recent close of the market. An investor can expect a potential return of 14.15% based on the average PRGO price forecast.

Analyzing the PRGO fundamentals

Trailing Twelve Months sales for Perrigo Company plc [NYSE:PRGO] were 4.39B which represents -3.18% decline. 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 -0.04%. 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 of1.04.

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 28.41 points at the first support level, and at 27.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.17, and for the 2nd resistance point, it is at 29.42.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Perrigo Company plc [NYSE:PRGO] is 2.56. In addition, the Quick Ratio stands at 1.77 and the Cash Ratio stands at 1.01. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.86.

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.

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