Perrigo Company plc (PRGO): Investing In A Time Of Crisis

Perrigo Company plc (NYSE:PRGO) currently has a daily average trading volume of 1.68M but it saw 1601071 shares traded in last market. With a market cap of 3.39B USD, the company’s current market price of $24.74 came falling about -0.28 while comparing to the previous closing price of $24.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.46 and as low as $23.14. In the recent trading on the day, stock has struck highest price mark of $24.6 while lowest mark touched by it was $25.47.

Taking a look at 20-day trading activity of Perrigo Company plc (PRGO) gives us an average price of $26.00, while its current price level is -26.05% below from 52-week high level whereas it is 6.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $26.44 while that of 200 days or SMA-200 reads an average of $26.52. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.98% during that period while stretching the period over a month that increases to 3.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.04 which implies that the stock is in neutral territory.

Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on January 06, 2025 while assigning a price target range of $34-$27. Jefferies issued its recommendations for the stock as it resumed the price target for the stock in the range of between $50 and $30.

Over the week, PRGO’s stock price is moving -1.28% down while it is -10.81% when we observe its performance for the past one month. Year-to-date it is -3.77% down and over the past year, the stock is showing a downside performance of -19.68%.

The company is expected to be releasing its next quarterly report on 2025-Feb-26, for which analysts forecasted an EPS of 0.55 while estimate for next year EPS is 2.99. In next quarter, company is expected to be making quarterly sales of $1.07B as analysts are expecting the sales for current fiscal year at $4.44B and seeing the company making $4.54B in sales next year. Moreover, analysts are in estimates of $1.09B for current-quarter revenue.

Currently, Perrigo Company plc’s total number of outstanding shares is 136.50M with 0.34% of that held by the insiders while 102.04% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2.03% and return on equity (ROE) at -3.53%. It has a 7.66 of forward P/E ratio. Stock’s beta reads 0.48. Stock has a price to book (P/B) ratio of 0.78 while price to sale or P/S ratio amounts to 0.77. Its return on asset (ROA) is -1.57% on average.