Recent meaningful negative changes in fundamentals have affected Perrigo Co Plc (NYSE: PRGO): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected Perrigo Co Plc (NYSE: PRGO): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PRGO is expected to continue to be a Value Builder.
Perrigo has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Perrigo has a good Appreciation Score of 71 but a poor Power Rating of 25, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 3/14/24, Perrigo Co Plc (NYSE: PRGO) stock declined slightly by -0.5%, closing at $30.87. However, normal trading volume at 83% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months but has risen 9.9% during the last week.
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