Perrigo Company plc (PRGO)

Perrigo Company Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Perrigo Company stock have an average target of 37, with a low estimate of 30 and a high estimate of 42. The average target predicts an increase of 43.69% from the current stock price of 25.75.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$30	$37	$41	$42
Change	+16.50%	+43.69%	+59.22%	+63.11%

* Price targets were last updated on Sep 30, 2024.

Analyst Ratings

The average analyst rating for PRGO stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	1	1
Buy	2	2	2	2	2	2
Hold	0	0	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Susan Anderson Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $42	Strong Buy	Maintains	$42	+63.11%	Sep 30, 2024
Keith Devas Jefferies	Jefferies	Strong Buy → Hold Downgrades $50 → $30	Strong Buy → Hold	Downgrades	$50 → $30	+16.50%	Sep 23, 2024
Korinne Wolfmeyer Piper Sandler	Piper Sandler	Buy Maintains $36 → $35	Buy	Maintains	$36 → $35	+35.92%	Jul 11, 2024
Korinne Wolfmeyer Piper Sandler	Piper Sandler	Buy Maintains $39 → $36	Buy	Maintains	$39 → $36	+39.81%	Jun 13, 2024
Susan Anderson Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $42	Strong Buy	Maintains	$42	+63.11%	Apr 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.53B

Decreased by -2.81%

from 4.66B

Revenue Next Year

4.73B

Increased by 4.51%

from 4.53B

EPS This Year

2.63

from -0.09

EPS Next Year

3.15

Increased by 20.00%

from 2.63

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	3.87B	4.09B	4.14B	4.45B	4.66B	4.53B	4.73B	4.90B
Revenue Growth	-18.21%	5.64%	1.24%	7.56%	4.58%	-2.81%	4.51%	3.55%
EPS	1.07	-1.19	-0.52	-1.05	-0.09	2.63	3.15	3.46
EPS Growth	12.39%	-	-	-	-	-	20.00%	9.79%
Forward PE	-	-	-	-	-	9.80	8.17	7.44
No. Analysts	-	-	-	-	-	8	8	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	4.7B	4.9B	5.1B
Avg	4.5B	4.7B	4.9B
Low	4.3B	4.5B	4.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	0.4%	9.0%	8.8%
Avg	-2.8%	4.5%	3.6%
Low	-7.1%	-1.4%	-3.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	2.78	3.34	3.61
Avg	2.63	3.15	3.46
Low	2.48	2.98	3.22

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	-	27.1%	14.5%
Avg	-	20.0%	9.8%
Low	-	13.4%	2.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.