Latest Stocks: Perrigo Company plc (PRGO) Given “Sell” Rating at Goldman Sachs Group Inc

Latest Stocks: Perrigo Company plc (PRGO) Given “Sell” Rating at Goldman Sachs Group Inc

Goldman Sachs Group Inc restated their sell rating on shares of Perrigo Company plc (NYSE:PRGO) in a report published on Wednesday morning. They currently have a $68.00 price target on the stock.

Several other analysts have also issued reports on the company. Royal Bank of Canada reiterated a hold rating and set a $66.00 price objective on shares of Perrigo Company plc in a report on Wednesday, May 24th. Jefferies Group LLC reiterated a hold rating and set a $71.00 price objective on shares of Perrigo Company plc in a report on Wednesday, May 24th. Canaccord Genuity set a $86.00 price objective on Perrigo Company plc and gave the stock a buy rating in a report on Monday, May 22nd. B. Riley reiterated a neutral rating and set a $67.00 price objective on shares of Perrigo Company plc in a report on Saturday, April 22nd. Finally, Deutsche Bank AG cut their price objective on Perrigo Company plc from $87.00 to $86.00 and set a buy rating for the company in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Perrigo Company plc has a consensus rating of Hold and an average target price of $86.04.

Perrigo Company plc (NYSE:PRGO) opened at 71.78 on Wednesday. Perrigo Company plc has a 12-month low of $65.47 and a 12-month high of $111.00. The firm’s market capitalization is $10.29 billion. The stock has a 50 day moving average price of $71.83 and a 200-day moving average price of $76.32.

Perrigo Company plc (NYSE:PRGO) last announced its quarterly earnings data on Tuesday, May 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. Perrigo Company plc had a positive return on equity of 10.68% and a negative net margin of 26.62%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company earned $1.32 earnings per share. Perrigo Company plc’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Perrigo Company plc will post $4.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Friday, May 26th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, May 24th. Perrigo Company plc’s dividend payout ratio is currently -5.53%. Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Perrigo Company plc by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 279,474 shares of the company’s stock valued at $23,256,000 after buying an additional 26,321 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Perrigo Company plc during the fourth quarter valued at about $1,384,000. Highbridge Capital Management LLC acquired a new stake in shares of Perrigo Company plc during the fourth quarter valued at about $11,870,000. Moon Capital Management LLC increased its stake in shares of Perrigo Company plc by 0.6% in the first quarter. Moon Capital Management LLC now owns 43,265 shares of the company’s stock valued at $2,872,000 after buying an additional 240 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Perrigo Company plc by 31.1% in the fourth quarter. FMR LLC now owns 1,088,928 shares of the company’s stock valued at $90,632,000 after buying an additional 258,133 shares in the last quarter. 69.65% of the stock is currently owned by institutional investors.

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