Perrigo (NYSE:PRGO) Stock Rating Lowered by Wall Street Zen

Perrigo (NYSE:PRGO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.33.

Perrigo Price Performance

Perrigo stock opened at $15.06 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -1.20, a PEG ratio of 1.77 and a beta of 0.59. The company has a current ratio of 2.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.31. Perrigo has a 12 month low of $9.23 and a 12 month high of $22.65. The stock’s 50 day moving average is $13.12 and its 200-day moving average is $11.56.

Perrigo (NYSE:PRGO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%.The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. Equities research analysts expect that Perrigo will post 2.18 EPS for the current year.

Institutional Trading of Perrigo

Several large investors have recently modified their holdings of PRGO. Sequoia Financial Advisors LLC acquired a new position in Perrigo in the second quarter valued at about $207,000. WINTON GROUP Ltd grew its stake in Perrigo by 52.9% during the second quarter. WINTON GROUP Ltd now owns 75,700 shares of the company’s stock worth $787,000 after buying an additional 26,200 shares in the last quarter. Engineers Gate Manager LP grew its stake in Perrigo by 28.4% during the second quarter. Engineers Gate Manager LP now owns 151,869 shares of the company’s stock worth $1,578,000 after buying an additional 33,554 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Perrigo in the 2nd quarter valued at about $126,000. Finally, Allworth Financial LP increased its holdings in Perrigo by 489.1% in the 2nd quarter. Allworth Financial LP now owns 9,390 shares of the company’s stock valued at $98,000 after buying an additional 7,796 shares during the period. 95.91% of the stock is owned by institutional investors and hedge funds.

About Perrigo

Perrigo Company plc is a global consumer self-care company that develops, manufactures and markets over-the-counter (OTC) products and other nonprescription health and wellness products. Its portfolio spans consumer health categories including pain relief, allergy and cold remedies, digestive health, skin care, oral care, vitamins and supplements, and women’s health.

The company sells products under both its own brands and retailer-owned store brands through pharmacies, supermarkets, mass merchants, e-commerce channels and other outlets.