Perrigo Co Plc (NYSE: PRGO) has recently experienced extremely meaningful negative changes in investment behavior: its longer term price trend turned down, and its shorter term price trend turned down.
Significant negative changes in fundamentals have recently occurred for Perrigo Co Plc (NYSE: PRGO): significant quarterly sales deceleration occurred, and 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
Reflecting future returns on capital that are 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 (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 77 but a slightly negative Power Rating of 33, and the Neutral Value Trend Rating results.
Recent Price Action
On 8/14/24, Perrigo Co Plc (NYSE: PRGO) stock rose slightly by 0.3%, closing at $26.87. However, exceptionally low trading volume at 44% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -5.4% during the last week.
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