Perrigo Company plc (NYSE:PRGO) Receives Consensus Rating of “Hold” from Analysts

Perrigo Company plc (NYSE:PRGO) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.33.

PRGO has been the subject of a number of analyst reports. Weiss Ratings raised shares of Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Perrigo from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 19th.

Perrigo Stock Performance

Shares of NYSE PRGO opened at $14.72 on Friday. The stock’s fifty day simple moving average is $12.93 and its 200 day simple moving average is $11.49. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -1.18, a PEG ratio of 1.64 and a beta of 0.59. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.31. Perrigo has a 52-week low of $9.23 and a 52-week high of $22.65.

Perrigo (NYSE:PRGO) last announced its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%.Perrigo’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. As a group, sell-side analysts forecast that Perrigo will post 2.18 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.9%. The ex-dividend date was Friday, August 28th. Perrigo’s payout ratio is presently -9.27%.

Institutional Trading of Perrigo

A number of hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in shares of Perrigo during the second quarter valued at $207,000. WINTON GROUP Ltd lifted its stake in Perrigo by 52.9% in the 2nd quarter. WINTON GROUP Ltd now owns 75,700 shares of the company’s stock worth $787,000 after acquiring an additional 26,200 shares in the last quarter. Engineers Gate Manager LP boosted its position in Perrigo by 28.4% during the 2nd quarter. Engineers Gate Manager LP now owns 151,869 shares of the company’s stock worth $1,578,000 after acquiring an additional 33,554 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Perrigo during the 2nd quarter valued at about $126,000. Finally, Allworth Financial LP grew its stake in Perrigo by 489.1% during the 2nd quarter. Allworth Financial LP now owns 9,390 shares of the company’s stock valued at $98,000 after acquiring an additional 7,796 shares in the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

Perrigo Company Profile

Perrigo Company plc is a global consumer self-care company that develops, manufactures and markets over-the-counter (OTC) products and other nonprescription health and wellness products. Its portfolio spans consumer health categories including pain relief, allergy and cold remedies, digestive health, skin care, oral care, vitamins and supplements, and women’s health.

The company sells products under both its own brands and retailer-owned store brands through pharmacies, supermarkets, mass merchants, e-commerce channels and other outlets.