Perrigo Company (NYSE:PRGO) Given Price Target Of $97.714


As per Perrigo Company (NYSE:PRGO)’s news release on 2016-08-02, its shareholders will get cash dividend of $0.145 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-26 and 2016-09-13, respectively.

The stock will commence trading ex-dividend from 2016-08-24, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Perrigo Company (NYSE:PRGO) disbursed $0.145 in dividend compared to distribution of $0.145, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 19.0476%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Perrigo Company (NYSE:PRGO) to attain a price target of $97.714. It is an average estimate figure given by 14 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $125. The low price range is set at $81 for next year while the arithmetic mean is seen at 2.69.

Eyeing Earnings Perrigo Company (NYSE:PRGO) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.67 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Perrigo Company (NYSE:PRGO) earnings came at $1.93 suggesting a deviation of $-0.07. The brokerages targeted EPS of $2 for the quarter.

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