557 institutions hold shares in Perrigo Company plc (PRGO), with 1.39M shares held by insiders accounting for 1.05% while institutional investors hold 85.73% of the company’s shares. The shares outstanding are 135.50M, and float is at 131.77M with Short Float at 4.26%. Institutions hold 84.83% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 17.59 million shares valued at $786.47 million. The investor’s holdings represent 13.17% of the PRGO Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 15.29 million shares valued at $683.74 million to account for 11.45% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.11 million shares representing 7.57% and valued at over $451.94 million, while State Street Corporation holds 4.63% of the shares totaling 6.18 million with a market value of $276.57 million.
Perrigo Company plc (NYSE: PRGO) is -5.99% lower on its value in year-to-date trading and has touched a low of $38.20 and a high of $58.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRGO stock was last observed hovering at around $41.51 in the last trading session, with the day’s gains setting it 0.53% off its average median price target of $49.50 for the next 12 months. It is also 34.31% off the consensus price target high of $64.00 offered by 8 analysts, but current levels are 6.58% higher than the price target low of $45.00 for the same period.
Currently trading at $42.04, the stock is 2.07% and 1.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 1.28% at the moment leaves the stock -9.38% off its SMA200. PRGO registered -22.62% loss for a year compared to 6-month loss of -4.52%. The firm has a 50-day simple moving average (SMA 50) of $41.46 and a 200-day simple moving average (SMA200) of $44.16.
The stock witnessed a 1.99% gain in the last 1 month and extending the period to 3 months gives it a -3.78%, and is -1.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.86% over the week and 1.86% over the month.
Perrigo Company plc (PRGO) has around 11500 employees, a market worth around $5.72B and $5.06B in sales. Fwd P/E is 14.70. Profit margin for the company is -3.20%. Distance from 52-week low is 10.05% and -28.54% from its 52-week high. The company has generated returns on investments over the last 12 months (0.90%).
Perrigo Company plc (PRGO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Perrigo Company plc (PRGO) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.70, where 7 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Perrigo Company plc is expected to release its quarterly report on 08/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.57 with sales reaching $1.03B over the same period.The EPS is expected to shrink by -211.60% this year, but quarterly earnings will post -17.00% year-over-year. Quarterly sales are estimated to shrink -23.50% in year-over-year returns.
Perrigo Company plc (PRGO) Insider Activity
A total of 66 insider transactions have happened at Perrigo Company plc (PRGO) in the last six months, with sales accounting for 26 and purchases happening 40 times. The most recent transaction is an insider purchase by Parker Geoffrey M., the company’s Director. SEC filings show that Parker Geoffrey M. bought 2,500 shares of the company’s common stock on Mar 17 at a price of $41.29 per share for a total of $0.1 million. Following the purchase, the insider now owns 2650.0 shares.
Perrigo Company plc disclosed in a document filed with the SEC on Mar 10 that Janish Ronald Craig (EVP, Gbl Ops & SC & CTO) sold a total of 2,662 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $41.23 per share for $0.11 million. Following the transaction, the insider now directly holds 11731.0 shares of the PRGO stock.
Still, SEC filings show that on Jan 06, Sorota Richard S (EVP & President CSCA) acquired 7,513 shares at an average price of $43.48 for $0.33 million. The insider now directly holds 7,513 shares of Perrigo Company plc (PRGO).
Perrigo Company plc (PRGO): Who are the competitors?
The company’s main competitors (and peers) include Catalent Inc. (CTLT) that is trading 65.37% up over the past 12 months. Short interest in the company’s stock has fallen -14.02% from the last report on Apr 14, 2021 to stand at a total of 5.61 million short shares sold with a short interest ratio of 6.08.