Recent extremely meaningful negative changes in investment behavior have impacted Perrigo Co Plc (NYSE: PRGO): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Perrigo Co Plc (NYSE: PRGO) has recently experienced minimal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
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
With future capital returns forecasted to be above the cost of capital, PRGO is expected to continue to be a Value Builder.
Perrigo has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Perrigo has a good Appreciation Score of 80 but a slightly negative Power Rating of 36, triggering the High Neutral Value Trend Rating.
Recent Price Action
Perrigo Co Plc (NYSE: PRGO) stock closed at $26.26 on 2/29/24 after a slight decline of -0.6%. Moreover, trading volume in this decline was exceptionally high at 308% of normal. The stock has declined -17.9% during the last week and has been weak relative to the market over the last nine months.
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