Perrigo Company (NYSE:PRGO) Given a $93.00 Price Target at Cantor Fitzgerald

Ivan Schwartz
August 13, 2017

Perrigo Company plc Ordinary Sh (NYSE:PRGO). During the same period a year ago, the business posted $1.93 earnings per share.

Other hedge funds have also recently bought and sold shares of the company.

Perrigo's smaller-than-expected decline in its generic drug business, which contributed 13 percent to second-quarter net sales, comes at a time when larger rivals Teva (TEVA.TA) and Mylan (MYL.O) have been hit by persistent generic price erosion.

Insider Trades for Perrigo Company plc show that the latest trade was made on 19 Jul 2017 where Alford (Bradley A), the Director completed a transaction type "Buy" in which 1017 shares were traded at a price of $0. Finally, State of Alaska Department of Revenue purchased a new position in Perrigo during the first quarter valued at about $214,000.

Perrigo Company plc Ordinary Sh (NYSE:PRGO). Clal Insurance Enterprises Holdings Ltd now owns 1,130,408 shares of the company's stock worth $75,048,000 after buying an additional 390,932 shares during the period. Dimensional Fund Advisors LP now owns 279,474 shares of the company's stock worth $23,256,000 after buying an additional 26,321 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Perrigo by 52.9% in the first quarter.

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Perrigo reported a second-quarter loss of $69.9 million, or a loss of 49 cents per share, narrowing from a loss of $534.3 million, or a loss of $3.73 per share in the year-earlier period. Perrigo Company plc (PRGO) is now moving with downbeat trend.

Company chares are trading at $66.57 a tad under the 50 day moving average of $74.16 and which is just under the 200 day moving average of $73.30. Perrigo Company has a 52-week low of $63.68 and a 52-week high of $99.14. The company has market cap of $88.25 million. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.05% in Perrigo Company plc Ordinary Shares (NYSE:PRGO). The dividend payment was $0.160 per share for the quarter or $0.64 on an annualized basis. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter previous year, the business posted $1.93 EPS. Equities analysts forecast that Perrigo will post $4.28 earnings per share for the current fiscal year.

More notable recent Perrigo Company plc Ordinary Shares (NYSE:PRGO) news were published by: Investorplace.com which released: "3 Stocks to Watch Monday: Tesla Motors Inc (TSLA), Perrigo Company plc ..." on September 12, 2016, also Fool.com with their article: "Why Perrigo Company PLC Ordinary Shares Are Dropping Today" published on April 25, 2016, Fool.com published: "Why Perrigo Company plc Stock Crashed on Tuesday" on March 01, 2017. Accelerate Diagnostics had 7 analyst reports since August 25, 2015 according to SRatingsIntel. On Monday, August 24 the stock rating was upgraded by KBW to "Outperform". This dividend amount was represent a yeild of $0.96. Perrigo's dividend payout ratio is now -3.90%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright legislation. As of quarter end Mitsubishi Ufj Trust & Banking Corp had sold 32,345 shares trimming its position 11.1%.

Perrigo Company plc (NYSE:PRGO) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. Wells Fargo & Company reiterated a "market perform" rating and issued a $67.00 price target on shares of Perrigo in a research note on Friday, April 14th. Canaccord Genuity set a $80.00 price target on Perrigo and gave the company a "buy" rating in a report on Wednesday, May 31st. Out of 18 Wall Street analysts rating Perrigo Company Plc, 6 give it "Buy", 2 "Sell" rating, while 10 recommend "Hold". The stock now has a consensus rating of "Hold" and an average target price of $84.97.

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