The stock of Perrigo Company plc (NYSE:PRGO) increased by $0.05 on Tuesday to finish at $36.35, up 0.14 percent. The last five days have seen an average of 1,241,940 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $2.26. The average number of shares traded over the last 20 days was 1,416,770, while the average volume over the last 50 days totaled 1,221,458.
PRGO stock dropped -0.79% since last month. On 08/03/23, the company’s shares reached a one-month low of $35.98. The stock touched a high of $41.44 on 08/08/23, after rallying from a low of $30.78 in 52 weeks. The price of PRGO stock has risen by 6.63% or $2.26 this year, reaching a new high 18 times. Still, the stock price is down -12.28% from the 52-week high.
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Insider Transactions
PRGO stock investors should be aware that Perrigo Company plc (PRGO) stock had its last reported insider trading activity 78 days ago on Jun 13. On Jun 13, Director Parker Geoffrey M. acquired 10,000 shares at $33.06 each. This transaction resulted in the insider spending $330,637. On May 23, Andersen Svend added 2,900 shares at a price of US$33.41. After the transaction, the insider now owns 68,741 shares. CEO KESSLER MURRAY S had earlier sold 197,646 shares on May 11 for $35.75 a share. The transaction was completed for $7,066,358.
Valuation Metrics
Beta for the stock is 0.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 1.01, and the price-to-cash flow ratio of 20.81.
Company paid $0.2730 per share in dividends, remained unchanged from $0.2730 last year.
Financial Health
For the three months ended June 29, Perrigo Company plc’s quick ratio was 1.50, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.84, and the total debt to equity ratio is 0.84. As far as profitability goes, gross margin for the trailing twelve months is 34.30% percent. Perrigo Company plc’s EBITDA margin for the year ended June 29 was 11.50%, whereas its operating margin stood at 3.70% for the same period. Based on annual data, it had gross profit of $1.46 billion and revenue of $4.45 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PRGO’s return on assets (ROA) during the last 12 months has been -0.60%. There was a 0.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.40%.
Earnings Surprise
According to Perrigo Company plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.19 billion, while revenues rose by 6.03% to $1.18 billion. It was predicted that Perrigo Company plc’s quarterly earnings would be $0.63, but it ended up being $0.5, beating the consensus by 26.00%. EBITDA was $151.4 million for the quarter. At the end of Perrigo Company plc’s most recent quarter ended June 29, its liabilities totaled 6.12 billion, while its total debt was $4.3 billion. Equity owned by shareholders amounts to $135.4 million.
Technical Picture
Here’s a quick look at Perrigo Company plc’s (PRGO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 34.55%, suggesting the stock is Neutral, with a 16.83% historical volatility rate.
The stochastic %K and %D were 7.09% and 16.59% respectively, while the average true range (ATR) was 0.78. Based on the 14-day stochastic reading of 9.07%, the RSI (14) reading is 43.83%. On the 9-day MACD Oscillator, the stock is at -0.74, and the 14-day reading is at -1.24.
Analyst Ratings
In its analyst report released on March 07, 2023, Canaccord Genuity began covering Perrigo Company plc (NYSE: PRGO). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Perrigo Company plc (PRGO) an Buy rating. PRGO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is PRGO’s price target for the next 12 months?
The current consensus forecast for the stock is between $48.00 and $49.00, with a median target price of $48.50. In analyzing these forecasts, the average price target given by analysts for Perrigo Company plc (PRGO) is $48.50.
