Perrigo Company plc Ordinary Shares (PRGO) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Jun 20, 2016.
Many Wall Street Analysts have commented on Perrigo Company plc Ordinary Shares. Shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 109 from a previous price target of $140 .Shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight” and Lowered the Price Target to $ 120 from a previous price target of $180 .Perrigo Company plc Ordinary Shares was Downgraded by BofA/Merrill to ” Underperform” on Apr 25, 2016.
On the company’s financial health, Perrigo Company plc Ordinary Shares reported $1.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 12, 2016. Analyst had a consensus of $1.73. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1345.10 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS.
Perrigo Company plc Ordinary Shares closed down -0.5 points or -0.51% at $98.04 with 40,93,586 shares getting traded on Friday. Post opening the session at $99.14, the shares hit an intraday low of $96.9 and an intraday high of $99.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 14, 2016, Judy L Brown (Executive VP & CFO) sold 2,776 shares at $126.22 per share price. According to the SEC, 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.