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.
Many analysts weighed in on price targets for PRGO. The most optimistic price target was 88, implying a possible profit of 15.42 percent. The lowest price target was 60, implying a possible loss of -21.3 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.55 percent. That number becomes -14.28 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -0.23 percent. 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. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
In the trailing 52-weeks, PRGO hit 99.14 at the highest peak, while it's lowest trading point was 65.47. Currently the stock is 16.45 percent higher than its low, and 23.1 percent lower than its 52-week high. PRGO has a P/E 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 market cap of PRGO is $10.94 billion. PRGO's next earnings release will be on 0000-00-00, which is days away.