The stock of Perrigo Company plc Ordinary Shares (NYSE:PRGO) is a huge mover today! About 809,083 shares traded hands. Perrigo Company plc Ordinary Shares (NYSE:PRGO) has declined 25.09% since March 4, 2016 and is downtrending. It has underperformed by 33.13% the S&P500.
The move comes after 7 months negative chart setup for the $13.59B company. It was reported on Oct, 7 by Barchart.com. We have $84.08 PT which if reached, will make NYSE:PRGO worth $1.09 billion less.
Analysts await Perrigo Company plc Ordinary Shares (NYSE:PRGO) to report earnings on October, 27. They expect $1.85 earnings per share, up 5.11% or $0.09 from last year’s $1.76 per share. PRGO’s profit will be $275.04M for 12.35 P/E if the $1.85 EPS becomes a reality. After $1.93 actual earnings per share reported by Perrigo Company plc Ordinary Shares for the previous quarter, Wall Street now forecasts -4.15% negative EPS growth.
Perrigo Company plc Ordinary Shares (NYSE:PRGO) Ratings Coverage
Out of 14 analysts covering Perrigo Company Plc (NYSE:PRGO), 4 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 29% are positive. Perrigo Company Plc has been the topic of 33 analyst reports since October 23, 2015 according to StockzIntelligence Inc. B. Riley & Co downgraded Perrigo Company plc Ordinary Shares (NYSE:PRGO) on Friday, February 19 to “Neutral” rating. The rating was initiated by Barclays Capital on Thursday, January 21 with “Overweight”. The firm has “Neutral” rating given on Wednesday, November 18 by JP Morgan. The stock of Perrigo Company plc Ordinary Shares (NYSE:PRGO) has “Buy” rating given on Wednesday, November 18 by B. Riley & Co. As per Wednesday, April 6, the company rating was maintained by Argus Research. The company was maintained on Friday, October 23 by Deutsche Bank. On Tuesday, April 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Northland Capital initiated it with “Outperform” rating and $195 target price in Tuesday, December 22 report. The stock has “Sell” rating given by Goldman Sachs on Monday, February 22. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, April 25 report.
According to Zacks Investment Research, “Perrigo Company plc develops, manufactures and distributes healthcare products. The company operates primarily in four segments: Consumer Healthcare, Nutritionals, Rx Pharmaceutical and Active Pharmaceutical Ingredients. It also provides animal health products. The company operates primarily in the United States, the United Kingdom, Mexico, Israel, Australia, Canada, China and Latin America. Perrigo Company plc formerly known as Perrigo Company is headquartered in Ireland.”
Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.38, from 1.19 in 2016Q1. The ratio dived, as 103 funds sold all Perrigo Company plc Ordinary Shares shares owned while 175 reduced positions. 80 funds bought stakes while 146 increased positions. They now own 96.70 million shares or 9.76% less from 107.16 million shares in 2016Q1.
Riverpark Advisors Ltd Limited Liability Company holds 2.07% or 46,519 shares in its portfolio. Gofen Glossberg Limited Liability Co Il holds 43,481 shares or 0.16% of its portfolio. Archford Strategies Limited Liability Company has 56 shares for 0% of their US portfolio. Jump Trading Ltd Limited Liability Company last reported 8,895 shares in the company. Natl Bank Hapoalim Bm accumulated 0.2% or 9,610 shares. Goldman Sachs Gp accumulated 3.07M shares or 0.09% of the stock. Pacad Inv Limited last reported 0.03% of its portfolio in the stock. The Florida-based Accipiter Limited Liability Corp has invested 15.24% in Perrigo Company plc Ordinary Shares (NYSE:PRGO). Smith Salley & Associate has invested 0.68% of its portfolio in Perrigo Company plc Ordinary Shares (NYSE:PRGO). Moreover, Geode Mgmt Ltd has 0.06% invested in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 1.16M shares. Twin Capital Management has 0.03% invested in the company for 3,720 shares. Boston Prns has 1.18 million shares for 0.15% of their US portfolio. Pacific Glob Mgmt last reported 7,790 shares in the company. Walleye Trading Ltd Company holds 0.02% of its portfolio in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 28,083 shares. Parkside National Bank & Trust Trust holds 0% of its portfolio in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 19 shares.
More important recent Perrigo Company plc Ordinary Shares (NYSE:PRGO) news were published by: Fool.com which released: “Why Perrigo Company PLC Ordinary Shares Are Dropping Today” on April 25, 2016, also Fool.com published article titled: “Why Perrigo Company PLC Ordinary Shares Are Plummeting Today”, Investorplace.com published: “3 Stocks to Watch Monday: Tesla Motors Inc (TSLA), Perrigo Company plc …” on September 12, 2016. More interesting news about Perrigo Company plc Ordinary Shares (NYSE:PRGO) was released by: Investorplace.com and their article: “Why KLA-Tencor Corp (KLAC), Perrigo Company plc Ordinary Shares (PRGO) and …” with publication date: August 10, 2016.
PRGO Company Profile
Perrigo Company plc (Perrigo), formerly Perrigo Company Limited, incorporated on June 28, 2013, is an over-the-counter (OTC) consumer goods and specialty pharmaceutical company. The Company’s divisions include Consumer Healthcare (CHC), Branded Consumer Healthcare (BCH), Prescription Pharmaceuticals (Rx), Specialty Sciences and Other. The Firm makes OTC healthcare products and supplies infant formulas for the store brand market. It is also a well-known provider of generic extended topical prescription products. It provides healthcare products across a range of product categories and geographies, primarily in North America, Europe and Australia, as well as in other markets, including Israel and China.
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