PRGO Should I Buy
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Perrigo Company PLC (PRGO) is not a strong buy at the moment for a beginner investor with a long-term strategy. The company's recent financial performance shows declining revenue and sales projections, while technical indicators and trading trends do not suggest a clear upward momentum. Additionally, analysts have lowered price targets, and there are no strong proprietary trading signals to support immediate action.
The MACD is negative and expanding (-0.0241), indicating bearish momentum. RSI is at 34.844, which is neutral but leaning towards oversold territory. Moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 14.054, with resistance at 15.003 and support at 13.104.
Insiders are buying, with a 107.21% increase in insider buying over the last month.
The company reported a Q4 revenue decline of 2.6% YoY and missed profit estimates. FY2026 sales are projected to decline by 5.5% to 1.5%. Analysts have lowered price targets, and the stock dropped 7.4% after earnings.
In Q4 2025, revenue dropped 2.52% YoY to $1.11 billion. Net income increased significantly to -$1.42 billion, but this is due to adjustments and does not reflect operational growth. EPS increased to -$10.31. Gross margin decreased to 32.64%, down 3.72% YoY.
JPMorgan recently lowered the price target from $20 to $18 and maintained a Neutral rating, reflecting a lack of strong confidence in the stock's near-term performance.
