Perrigo Company plc (PRGO) Given a $86.00 Price Target at Canaccord Genuity

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28 May, 2017

Somerville Kurt F sold 20,186 shares as Perrigo Co (PRGO)'s stock declined 16.20%. The Breithorn Capital Management holds 71,790 shares with $5.98 million value, up from 48,300 last quarter. Clal Insurance Enterprises Holdings Ltd who had been investing in Perrigo Co Plc Shs for a number of months, seems to be bullish on the $10.30 billion market cap company. Johnson Financial Group Inc. now owns 1,535 shares of the company's stock valued at $128,000 after buying an additional 378 shares during the last quarter.

Shares of Perrigo Company plc (NYSE:PRGO) traded down 2.64% during mid-day trading on Friday, reaching $69.95.

Perrigo Company plc (NYSE:PRGO) last posted its quarterly earnings data on Monday, May 22nd. It has underperformed by 39.70% the S&P500. Twin Tree Management LP reported 0.03% stake. Moreover, Shannon River Fund Management Llc has 2.78% invested in the company for 117,220 shares. Hca Heathcare now has $30.60B valuation. Nationwide Fund holds 0.02% or 53,785 shares.

About 26,833 shares traded. Primerica, Inc. (PRI) has risen 46.20% since May 26, 2016 and is uptrending. It has underperformed by 9.62% the S&P500. Deutsche Bank AG dropped their price target on shares of Perrigo Company plc from $93.00 to $87.00 and set a buy rating on the stock in a research report on Tuesday, March 14th. Perrigo Company plc has a 1-year low of $65.47 and a 1-year high of $111.00. First Quadrant L P CA owned about 0.16% of Perrigo Company plc worth $15,563,000 as of its most recent filing with the SEC. RBC Capital Markets has "Sector Perform" rating and $85 target. The Connecticut-based Cubist Systematic Strategies Limited Liability Corp has invested 0.11% in Perrigo Company plc Ordinary Shares (NYSE:PRGO). The firm has "Neutral" rating by Citigroup given on Thursday, January 26. Perrigo Company plc had a positive return on equity of 10.68% and a negative net margin of 26.62%. The rating was downgraded by Stifel Nicolaus to "Hold" on Monday, April 25. JP Morgan maintained it with "Neutral" rating and $90 target in Thursday, August 11 report. The company presently has an average rating of "Hold" and a consensus target price of $89.26. The rating was maintained by Morgan Stanley with "Equal-Weight" on Tuesday, April 26.

Investors sentiment increased to 0.82 in Q4 2016. Its up 0.06, from 0.76 in 2016Q3.

Several other hedge funds have also recently added to or reduced their stakes in PRGO. Tci Wealth holds 5 shares or 0% of its portfolio. Amica Retiree Med Tru reported 1,157 shares. Lba Wealth Mngmt Ltd Co holds 0.13% of its portfolio in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 2,825 shares. AMP Capital Investors Ltd raised its stake in Perrigo Company plc by 0.9% in the third quarter. Altrinsic Global Advsr Llc reported 25,000 shares or 0.08% of all its holdings. Segall Bryant And Hamill Lc invested in 3,100 shares or 0.01% of the stock. Canaccord Genuity set a $86.00 target price on Perrigo Company plc and gave the company a "buy" rating in a research report on Saturday, March 18th. Guggenheim reiterated a buy rating and issued a $125.00 target price on shares of Perrigo Company plc in a research note on Monday, February 6th. North Star Asset Inc has 106,920 shares.

Among 17 analysts covering Perrigo Company Plc (NYSE:PRGO), 5 have Buy rating, 1 Sell and 11 Hold. Hall Laurie J Trustee bought a new position in shares of Perrigo Company plc during the fourth quarter valued at $159,000. Envestnet Asset Mgmt Inc, Illinois-based fund reported 4,250 shares. Neumeier Poma Investment Counsel Llc owns 323,880 shares or 3.39% of their USA portfolio. Tudor Invest Corporation Et Al has 4,724 shares for 0.01% of their portfolio. Pennsylvania-based Glenmede Trust Com Na has invested 0.09% in HCA Healthcare Inc (NYSE:HCA). Davenport &, Virginia-based fund reported 4,054 shares. Exchange stated it has 72,176 shares or 2.04% of all its holdings. Franklin Resources has 3.36M shares. Cryder Cap Prtn Llp reported 381,646 shares. Menora Mivtachim Ltd owns 384,763 shares. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company's stock. Therefore 62% are positive. (NASDAQ:OSIS) to report earnings on August, 15. On Wednesday, November 16 the stock rating was initiated by Drexel Hamilton with "Buy". The firm has "Buy" rating given on Thursday, October 22 by Mizuho. As per Friday, February 19, the company rating was initiated by Wells Fargo. The rating was maintained by B. Riley & Co with "Neutral" on Friday, November 11. Mizuho downgraded the stock to "Neutral" rating in Wednesday, November 9 report. Clal Insurance Enterprises Holdings Ltd bought 375,219 shares as the company's stock declined 16.20% while stock markets rallied.

Since January 1, 0001, it had 0 buys, and 6 insider sales for $12.65 million activity. It also reduced its holding in Ishares Tr Europe Etf (IEV) by 173,736 shares in the quarter, leaving it with 1.06 million shares, and cut its stake in Ishares Inc Core Msci Emkt (IEMG). Generac Hldgs I (NYSE:GNRC) was raised too.

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