Moreover, the 36-month beta value for PRGO is 0.66. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for PRGO is 135.04M and currently, short sellers hold a 2.86% of that float. On April 25, 2024, PRGO’s average trading volume was 1.98M shares.
PRGO) stock’s latest price update
Perrigo Company plc (NYSE: PRGO) has experienced a rise in its stock price by 2.43 compared to its previous closing price of 30.49. However, the company has seen a gain of 3.96% in its stock price over the last five trading days. PRNewsWire reported 2024-04-23 that DUBLIN, April 23, 2024 /PRNewswire/ — Perrigo Company plc (NYSE: PRGO), a leading provider of Consumer Self-Care Products, today announced that it plans to issue its first quarter 2024 financial results on Tuesday, May 7 th, 2024, and host a conference call beginning at 8:30 A.M. (EDT). The earnings conference call will be available live via webcast to interested parties in the investor relations section of the Perrigo website at http://perrigo.investorroom.com/events-webcasts or by phone at 888-664-6383, International 416-764-8650, and reference ID # 910565.
PRGO’s Market Performance
Perrigo Company plc (PRGO) has experienced a 3.96% rise in stock performance for the past week, with a 0.71% rise in the past month, and a -5.39% drop in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.29% for PRGO. The simple moving average for the past 20 days is 0.69% for PRGO’s stock, with a -2.68% simple moving average for the past 200 days.
Analysts’ Opinion of PRGO
Many brokerage firms have already submitted their reports for PRGO stocks, with Piper Sandler repeating the rating for PRGO by listing it as a “Overweight.” The predicted price for PRGO in the upcoming period, according to Piper Sandler is $37 based on the research report published on November 17, 2023 of the previous year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see PRGO reach a price target of $49. The rating they have provided for PRGO stocks is “Buy” according to the report published on March 07th, 2023.
Argus gave a rating of “Buy” to PRGO, setting the target price at $46 in the report published on September 14th of the previous year.
PRGO Trading at 2.22% from the 50-Day Moving Average
After a stumble in the market that brought PRGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.47% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +1.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.61% lower at present.
During the last 5 trading sessions, PRGO rose by +3.96%, which changed the moving average for the period of 200-days by -5.22% in comparison to the 20-day moving average, which settled at $31.04. In addition, Perrigo Company plc saw -2.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRGO starting from Ives Alison, who purchase 2,490 shares at the price of $27.26 back on Mar 05 ’24. After this action, Ives Alison now owns 16,122 shares of Perrigo Company plc, valued at $67,877 using the latest closing price.
Willis Robert, the EVP & CHRO of Perrigo Company plc, purchase 371 shares at $26.30 during a trade that took place back on Mar 01 ’24, which means that Willis Robert is holding 25,476 shares at $9,757 based on the most recent closing price.
Stock Fundamentals for PRGO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.36 for the gross margin
The net margin for Perrigo Company plc stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.09, with -0.04 for asset returns.
Based on Perrigo Company plc (PRGO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 0.87.
Currently, EBITDA for the company is 654.0 million with net debt to EBITDA at 4.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 6.29for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
Conclusion
To wrap up, the performance of Perrigo Company plc (PRGO) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
