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.
Several price targets were given for PRGO by the analysts covering the stock. The highest price target was 88, implying a possible profit of 15.42 percent. The lowest price target was 60, which equates to a potential downside 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. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
In the last 52-weeks, PRGO has achieved a high of 99.14 and a low of 65.47. Today's price is 16.45 percent above the 52-week low, and 23.1 percent below the high. 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 market cap of PRGO is $10.94 billion. PRGO will post this quarters earnings in days, on 0000-00-00.