Perrigo Company plc (NYSE:PRGO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Perrigo Company plc (NYSE:PRGO) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.3333.

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Perrigo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised shares of Perrigo from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Perrigo in a research note on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of Perrigo in a research report on Monday, December 22nd. Finally, Argus upgraded Perrigo to a “hold” rating in a research report on Wednesday, January 14th.

Hedge Funds Weigh In On Perrigo

A number of large investors have recently bought and sold shares of PRGO. Cooke & Bieler LP raised its stake in Perrigo by 11.6% in the third quarter. Cooke & Bieler LP now owns 3,680,411 shares of the company’s stock valued at $81,963,000 after purchasing an additional 381,290 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Perrigo by 8.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,797,746 shares of the company’s stock valued at $40,036,000 after buying an additional 142,363 shares during the period. Nicola Wealth Management LTD. raised its position in shares of Perrigo by 38.4% in the 3rd quarter. Nicola Wealth Management LTD. now owns 281,000 shares of the company’s stock valued at $6,257,000 after buying an additional 78,000 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Perrigo by 35.7% during the 3rd quarter. Sound Income Strategies LLC now owns 717,731 shares of the company’s stock worth $15,467,000 after acquiring an additional 188,767 shares during the period. Finally, Access Investment Management LLC acquired a new stake in shares of Perrigo during the 2nd quarter worth approximately $8,931,000. Hedge funds and other institutional investors own 95.91% of the company’s stock.

Perrigo Stock Down 4.8%

NYSE PRGO traded down $0.63 during trading on Monday, reaching $12.59. 1,435,604 shares of the company’s stock were exchanged, compared to its average volume of 2,616,653. The stock has a market cap of $1.73 billion, a P/E ratio of -1.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.63 and a current ratio of 2.76. Perrigo has a 1 year low of $12.17 and a 1 year high of $30.93. The company has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $17.41.

Perrigo (NYSE:PRGO) last announced its earnings results on Thursday, February 26th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.03). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Perrigo had a negative net margin of 33.51% and a positive return on equity of 9.41%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, equities research analysts anticipate that Perrigo will post 2.56 EPS for the current fiscal year.

Perrigo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 9.2%. The ex-dividend date is Monday, March 2nd. Perrigo’s dividend payout ratio is presently -11.28%.

About Perrigo

Perrigo Company plc is a global healthcare supplier specializing in over-the-counter (OTC) and self-care products, as well as generic prescription pharmaceuticals and active pharmaceutical ingredients. The company develops, manufactures and distributes a broad array of consumer health products, including analgesics, vitamins and supplements, digestive health remedies, topical treatments, and infant formulas. Perrigo’s focus on private-label solutions has made it a leading partner for retailers and pharmacy chains seeking high-quality, value-oriented alternatives to branded medications and health supplements.

Organized across three principal business segments—Consumer Healthcare, Prescription Pharmaceuticals and Active Pharmaceutical Ingredients—Perrigo’s operations span research and development, manufacturing, quality assurance and global distribution.