Perrigo Company plc (NYSE:PRGO) finished Wednesday with a subtraction of -$1.01 to close at $38.93, a downside of -2.53 percent. An average of 1,850,420 shares of common stock have been traded in the last five days. There was a gain of $2.63 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,500,005 shares traded, while the 50-day average volume stands at 1,111,342.
PRGO stock has increased by 16.77% in the last month. The company shares reached their 1-month lowest point of $32.50 on 07/10/23. With the stock rallying to its 52-week high on 08/08/23, shares of the company touched a low of $30.78 and a high of $43.90 in 52 weeks. It has reached a new high 18 times so far this year and achieved 14.20% or $4.84 in price. In spite of this, the price is down -11.32% from the 52-week high.
Insider Transactions
PRGO stock investors should be aware that Perrigo Company plc (PRGO) stock had its last reported insider trading activity 91 days ago on Jun 13. In this transaction, the insider spent $7,066,358. EVP and CIO, Farrington Thomas, disposed of 3,723 shares at a price of $35.57 on Mar 13. The insider now owns more than $132,435 worth of shares. Prior to that, EVP & President CSCA Dillard James E III went on to Sale 9,000 shares at $35.70 each on Mar 10. An amount of $321,309 was transacted.
Valuation Metrics
Perrigo Company plc (PRGO) stock’s beta is 0.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 1346.38.
Financial Health
The quick ratio of Perrigo Company plc for the three months ended June 29 was 1.40, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.84 and a total debt to equity ratio of 0.85 for the quarter ending June 29. Perrigo Company plc’s EBITDA margin for the year ending June 29 is 11.50%, while its operating margin for the same period stands at 2.10%. Its gross profit as reported stood at $1.46 billion compared to revenue of $4.45 billion.
Earnings Surprise
For the three-month period that ended June 29, Perrigo Company plc had $4.06 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $8.4 million in the quarter, while revenues were grew 875.0%. The analyst consensus anticipated Perrigo Company plc’s latest quarter earnings to come in at $0.5 per share, but it turned out to be $0.63, a 26.00% surprise. For the quarter, EBITDA amounted to $151.4 million. Shareholders own equity worth $135.4 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Perrigo Company plc (PRGO) price momentum. RSI 9-day as of the close on 09 August was 74.12%, suggesting the stock is Overbought, with historical volatility in this time frame at 43.94%.
As of today, PRGO’s price is $37.70 +7.25% or $2.63 from its 5-day moving average. PRGO is currently trading +17.68% higher than its 20-day SMA and +9.08% higher than its 100-day SMA. However, the stock’s current price level is +20.19% above the SMA50 and -3.21% below the SMA200.
The stochastic %K and %D were 89.07% and 91.71%, respectively, and the average true range (ATR) was 0.95. With the 14-day stochastic at 75.27% and the average true range at 0.88, the RSI (14) stands at 72.31%. The stock has reached 1.41 on the 9-day MACD Oscillator while the 14-day reading was at 1.88.
Analyst Ratings
Canaccord Genuity launched coverage on Perrigo Company plc (NYSE: PRGO) in its analyst report released on March 07, 2023. The firm assigned the stock a Buy rating. The consensus rating for Perrigo Company plc (PRGO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PRGO, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is PRGO’s price target for the next 12 months?
Analysts predict a range of price targets between $48.00 and $49.00, with a median target of $48.50. Taking a look at these predictions, the average price target given by analysts for Perrigo Company plc (PRGO) stock is $48.50.
