Cantor Fitzgerald set a $107.00 price target on Perrigo (NYSE:PRGO) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on PRGO. Deutsche Bank upped their target price on Perrigo from $88.00 to $95.00 and gave the company a buy rating in a research report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a sell rating and issued a $64.00 target price on shares of Perrigo in a research report on Wednesday, September 13th. Canaccord Genuity reaffirmed a buy rating and issued a $100.00 target price (up from $88.00) on shares of Perrigo in a research report on Wednesday, September 13th. Wells Fargo & Company upped their target price on Perrigo to $90.00 and gave the company a market perform rating in a research report on Friday, November 10th. Finally, Jefferies Group reaffirmed a hold rating and issued a $81.00 target price on shares of Perrigo in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Perrigo currently has an average rating of Hold and a consensus price target of $92.07.

Shares of Perrigo (NYSE PRGO) traded down $0.70 on Monday, hitting $86.30. The company’s stock had a trading volume of 870,500 shares, compared to its average volume of 1,697,889. Perrigo has a one year low of $63.68 and a one year high of $91.73. The firm has a market cap of $12,150.00, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.24 and a current ratio of 1.72.

Perrigo (NYSE:PRGO) last announced its earnings results on Thursday, November 9th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.28. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $1.65 EPS. Perrigo’s quarterly revenue was down 2.0% on a year-over-year basis. analysts anticipate that Perrigo will post 4.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 30th. Perrigo’s dividend payout ratio is currently -6.99%.

In related news, EVP Jeffrey Needham sold 3,595 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $89.49, for a total transaction of $321,716.55. Following the completion of the transaction, the executive vice president now directly owns 10,118 shares in the company, valued at approximately $905,459.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sharon Kochan sold 318 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $81.36, for a total value of $25,872.48. Following the transaction, the executive vice president now owns 10,231 shares of the company’s stock, valued at $832,394.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,514 shares of company stock worth $400,009. Corporate insiders own 6.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of PRGO. Korea Investment CORP grew its stake in Perrigo by 142.0% during the 2nd quarter. Korea Investment CORP now owns 1,331 shares of the company’s stock worth $101,000 after buying an additional 781 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Perrigo by 13.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,455 shares of the company’s stock worth $108,000 after buying an additional 176 shares during the last quarter. Bessemer Group Inc. grew its stake in Perrigo by 1,046.2% during the 2nd quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock worth $169,000 after buying an additional 2,040 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Perrigo during the 3rd quarter worth $217,000. Finally, Conning Inc. bought a new position in Perrigo during the 3rd quarter worth $219,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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Perrigo Company Profile

Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.

Analyst Recommendations for Perrigo (NYSE:PRGO)

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