Perrigo (NASDAQ:PRGO) EVP John Hendrickson sold 8,400 shares of the stock on the open market in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $152.80, for a total transaction of $1,283,520.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on PRGO shares. Analysts at Argus raised their price target on shares of Perrigo from $152.00 to $160.00 in a research note to investors on Thursday, November 7th. They now have a “buy” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of Perrigo from $142.00 to $174.00 in a research note to investors on Monday, November 4th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Perrigo from $140.00 to $160.00 in a research note to investors on Monday, November 4th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $139.35.
Shares of Perrigo (NASDAQ:PRGO) opened at 155.28 on Monday. Perrigo has a one year low of $98.79 and a one year high of $156.10. The stock’s 50-day moving average is $138.9 and its 200-day moving average is $126.6. The company has a market cap of $14.643 billion and a P/E ratio of 32.76.
Perrigo (NASDAQ:PRGO) last announced its earnings results on Thursday, October 31st. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.12. The company had revenue of $933.00 million for the quarter, compared to the consensus estimate of $900.10 million. During the same quarter last year, the company posted $1.27 earnings per share. Perrigo’s revenue was up 21.3% compared to the same quarter last year. Analysts expect that Perrigo will post $6.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, November 26th.
Perrigo Company is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products and active pharmaceutical ingredients (API).
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