Perrigo Co Plc (NYSE: PRGO) has reported E.P.S. of $-0.20 for its fourth fiscal quarter (ending December 31) versus $-0.09 for the same period a year ago. This performance was $-1.03 short of the consensus estimate of $0.83. For the latest four quarters through December 31, E.P.S. were $-0.03 compared to $-0.97 a year ago.
Recent Price Action
Perrigo Co Plc (NYSE: PRGO) stock closed at $27.30 on 2/27/24 after a major decline of -15.1%. Moreover, exceptionally high trading volume at 680% of normal accompanied the decline. The stock has declined -14.8% during the last week and has been weak relative to the market over the last nine months.
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 (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 73 but a slightly negative Power Rating of 36, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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