Argus Research Downgrades Perrigo Company plc Ordinary Shares to Hold

Brokerage firm Argus Research Downgrades its rating on Perrigo Company plc Ordinary Shares(NYSE:PRGO). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Argus Research was issued on Jun 20, 2016.

In a different note, On May 13, 2016, Jefferies said it Maintains its rating on Perrigo Company plc Ordinary Shares. In the research note, the firm Lowers the price-target to $112.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 26, 2016, JP Morgan said it Maintains its rating on Perrigo Company plc Ordinary Shares. In the research note, the firm Lowers the price-target to $145.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 26, 2016, Barclays said it Maintains its rating on Perrigo Company plc Ordinary Shares. In the research note, the firm Lowers the price-target to $180.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 26, 2016, Morgan Stanley said it Maintains its rating on Perrigo Company plc Ordinary Shares. In the research note, the firm Lowers the price-target to $151.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Apr 26, 2016, Jefferies said it Downgrades its rating on Perrigo Company plc Ordinary Shares. The shares have been rated ‘Hold’ by the firm. On Apr 25, 2016, Wells Fargo said it Downgrades its rating on Perrigo Company plc Ordinary Shares. The shares have been rated ‘Market Perform’ by the firm.

Perrigo Company plc Ordinary Shares (PRGO) shares turned negative on Fridays trading session with the shares closing down -4.19 points or -4.40% at a volume of 30,16,164. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $94.08. The peak price level was also seen at $94.08 while the days lowest was $90.94. Finally the shares closed at $91.01. The 52-week high of the shares is $198.42 while the 52-week low is $84.85. According to the latest information available, the market cap of the company is $13,035 M.

Perrigo Company plc Ordinary Shares(PRGO) last announced its earnings results on May 12, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.34B. Analysts had an estimated revenue of $1.40B. Earnings per share were $1.75. Analysts had estimated an EPS of $1.90.

Several Insider Transactions has been reported to the SEC. On Apr 14, 2016, Judy L Brown (Executive VP & CFO) sold 2,776 shares at $126.22 per share price.Also, On Mar 22, 2016, Michael J Jandernoa (director) sold 761 shares at $128.29 per share price.On Mar 4, 2016, Sharon Kochan (EVP, GM International) sold 1,490 shares at $125.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *