Perrigo Reaches New 52-Week High (PRGO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Perrigo Company (NYSE: PRGO) hit a new 52-week high Wednesday as it is currently trading at $121.52, above its previous 52-week high of $121.33 with 115,905 shares traded as of 10:26 a.m. ET. Average volume has been 591,900 shares over the past 30 days.

Perrigo has a market cap of $11.24 billion and is part of the health care sector and drugs industry. Shares are up 16.5% year to date as of the close of trading on Tuesday.

Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, and active pharmaceutical ingredients (API) worldwide. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Perrigo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Perrigo Ratings Report.

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