Perrigo Company plc (PRGO) Receives Hold Rating from Jefferies Group LLC

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26 May, 2017

4/14/2017-Wells Fargo & Co Reiterated Rating of Market Perform. Deutsche Bank AG cut their price objective on Perrigo Company plc from $87.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, April 19th. The firm has "Equal-Weight" rating by Morgan Stanley given on Tuesday, April 26. Moreover, Natl Bank Of Mellon has 0% invested in Ignyta Inc (NASDAQ:RXDX) for 115,454 shares. Goldman Sachs downgraded it to "Sell" rating and $124 target in Monday, February 22 report. The stock of Tenet Healthcare Corp (NYSE:THC) earned "Neutral" rating by Piper Jaffray on Wednesday, January 4. Analysts anticipate that Perrigo Company plc will post $7.13 earnings per share for the current year.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Manning Napier Advisors Ltd reported 2.57 million shares. Jefferies Group LLC set a $71.00 price objective on shares of Perrigo Company plc and gave the stock a "hold" rating in a research report on Tuesday, February 28th. Target Corporation now has $30.09B valuation. The institutional investor owned 76,704 shares of the company's stock after selling 5,575 shares during the period. The company had a trading volume of 2,253,934 shares. It has outperformed by 17.62% the S&P500. Therefore 27% are positive. Target Corporation had 49 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan has "Overweight" rating and $15 target. The rating was upgraded by Raymond James to "Outperform" on Monday, May 9. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/05/25/perrigo-company-plc-prgo-receives-hold-rating-from-jefferies-group-llc.html. The rating was initiated by Canaccord Genuity with "Buy" on Wednesday, February 22. The company was downgraded on Tuesday, November 29 by Keefe Bruyette & Woods.

Investors sentiment increased to 0.82 in 2016 Q4.

On 9/26/2016 Thomas Farrington, EVP, sold 1,110 with an average share price of $96.76 per share and the total transaction amounting to $107,403.60. About 47,723 shares traded. Blackrock Institutional Trust Na accumulated 557,183 shares or 0% of the stock. BNCN's profit will be $23.49 million for 18.41 P/E if the $0.44 EPS becomes a reality. During the same quarter in the previous year, the company earned $1.80 EPS. Its up 0.31, from 1.49 in 2016Q3. 37 funds opened positions while 46 raised stakes. Paloma Prtnrs Co invested in 61,757 shares or 0.01% of the stock.

Csu Producer Resources Inc. holds 12.88% of its portfolio in Norfolk Southern Corp. for 21,400 shares. Guggenheim Capital Ltd Llc reported 0% stake. Rare Infrastructure Ltd owns 1.51 million shares or 8.51% of their United States portfolio. The insider now directly owns 12,104 shares worth $884,439. Mitsubishi UFJ Kokusai Asset Management Co. Millennium Mgmt Lc holds 0.01% or 112,891 shares in its portfolio. Adage Ltd Liability Company invested 0.01% in Ignyta Inc (NASDAQ:RXDX). It also upped Fortive Corp stake by 11,330 shares and now owns 108,571 shares. Brookdale Senior Living (NYSE:BKD) was raised too.

On 11/21/2016 Geoffrey M Parker, Director, bought 2,500 with an average share price of $88.75 per share and the total transaction amounting to $221,875.00.

Camber Capital Management Llc decreased Perrigo Co Plc (PRGO) stake by 0.44% reported in 2016Q4 SEC filing. It has underperformed by 31.89% the S&P500. Its up 0.06, from 0.76 in 2016Q3. Ltd. raised its stake in Perrigo Company plc by 1,133.6% in the first quarter.

Director, Parker Geoffrey M., purchased 2,500 common shares of Perrigo Company plc (PRGO) in the open market. Its book value per share for the most recent quarter is $60.52 while its price to book ratio for the same period is 1.21, as for as the company's cash per share for the most recent quarter is $2.55, however its price to cash per share ratio for the same period is 28.66.

COPYRIGHT VIOLATION WARNING: "Perrigo Company plc's (PRGO) Hold Rating Reaffirmed at Royal Bank of Canada" was originally posted by BBNS and is the property of of BBNS. 20,830 are owned by Sg Americas Ltd Co. Rock Springs Cap Management L P, a Maryland-based fund reported 9,300 shares.

In the transaction dated October 24, 2016, the great number of shares disposed came courtesy the EVP, Business Ops & CFO; Brown Judy L disposed a total of 2,092 shares at an average price of $90.42, amounting to approximately $189,159. Grt Cap Prtnrs Ltd holds 0.18% or 7,498 shares. Nationwide Fund reported 53,785 shares. Endurance Wealth Management Incorporated reported 0% in Perrigo Company plc Ordinary Shares (NYSE:PRGO). By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Glenview Trust Co now owns 35,700 shares of the company's stock worth $2,370,000 after buying an additional 4,034 shares during the period.


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