Perrigo (NYSE:PRGO) Stock Price Up 5.9% - Should You Buy?

Key Points

• Perrigo shares rose 5.9% to $14.655, although trading volume was 95% below the average session volume.
• Analyst sentiment remains mixed, with one Buy, four Hold and one Sell rating; the consensus is “Hold” with an average price target of $19.33.
• Perrigo exceeded quarterly earnings expectations, reporting $0.50 EPS versus the $0.39 consensus, while maintaining a 7.8% dividend yield based on its $0.29 quarterly payout.

Shares of Perrigo Company plc (NYSE:PRGO - Get Free Report) were up 5.9% on Thursday . The stock traded as high as $14.28 and last traded at $14.6550. 164,126 shares were traded during trading, a decline of 95% from the average session volume of 3,073,148 shares. The stock had previously closed at $13.84.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings raised Perrigo from a "sell (d-)" rating to a "sell (d)" rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Perrigo from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 19th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.33.

Perrigo Stock Up 6.9%

The business has a fifty day moving average price of $12.86 and a two-hundred day moving average price of $11.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.32 and a quick ratio of 1.32. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -1.18, a price-to-earnings-growth ratio of 1.64 and a beta of 0.59.

Perrigo (NYSE:PRGO - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company's revenue was down 3.1% compared to the same quarter last year. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, equities analysts expect that Perrigo Company plc will post 2.18 earnings per share for the current year.

Perrigo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, August 28th. Perrigo's dividend payout ratio is presently -9.27%.

Hedge Funds Weigh In On Perrigo

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

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.

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