Perrigo Company PLC (NYSE:PRGO) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 3,561 call options on the company. This is an increase of approximately 1,359% compared to the typical volume of 244 call options.
PRGO opened at $50.60 on Wednesday. The firm has a market capitalization of $6.85 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.58 and a beta of 1.31. Perrigo has a 12 month low of $36.28 and a 12 month high of $83.26. The company has a current ratio of 1.89, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54.
Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.01). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Perrigo had a net margin of 2.77% and a return on equity of 10.74%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. As a group, equities analysts forecast that Perrigo will post 4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 1st were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.76 annualized dividend and a yield of 1.50%. Perrigo’s dividend payout ratio is currently 16.70%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors LLC bought a new stake in Perrigo during the 4th quarter worth about $26,000. Moody National Bank Trust Division bought a new stake in Perrigo during the 1st quarter worth about $32,000. Oregon Public Employees Retirement Fund lifted its position in Perrigo by 3,574.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,430,805 shares of the company’s stock worth $37,000 after buying an additional 1,391,870 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Perrigo by 822.2% in the 4th quarter. Advisor Group Inc. now owns 1,079 shares of the company’s stock valued at $41,000 after purchasing an additional 962 shares during the period. Finally, Covington Capital Management bought a new stake in shares of Perrigo in the 4th quarter valued at about $46,000. 85.29% of the stock is currently owned by institutional investors and hedge funds.
PRGO has been the subject of several research analyst reports. ValuEngine lowered shares of Perrigo from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Wells Fargo & Co decreased their price target on shares of Perrigo from $64.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, December 21st. Cantor Fitzgerald set a $107.00 price target on shares of Perrigo and gave the company a “buy prgo” rating in a report on Thursday, December 20th. Morgan Stanley set a $67.00 price target on shares of Perrigo and gave the company a “hold” rating in a report on Sunday, December 23rd. Finally, Leerink Swann decreased their price target on shares of Perrigo from $70.00 to $56.00 in a report on Monday, December 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Perrigo has an average rating of “Hold” and a consensus price target of $74.33.
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Perrigo Company Profile
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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