Analyst Ratings for Perrigo Co. PLC (PRGO)Updated: 2017-07-27
An average rating of Hold has been given to Perrigo Co. PLC (NYSE:PRGO) by analysts covering the stock. A consensus rating of Hold was previously issued for PRGO last month.
A buy rating was issued by 5 analysts, 0 issued an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 3 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
Investment analysts gave a few price targets for PRGO. The highest price target was 88, implying potential capital gains of 15.42 percent. The most pessimistic analyst gave a price target of 60, which equates to a potential downside of -21.3 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.55 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -14.28 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.23 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -6.22 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
PRGO has a 52-week high of 99.14 and a 52-week low of 65.47. Currently the stock is 16.45 percent higher than its low, and below the high by 23.1 percent. PRGO has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The PRGO value stock report compares PRGO to some of its peers using value stock charts. The stock has a market capitalization of $10.94 billion. PRGO will post this quarters earnings in days, on 0000-00-00.