Perrigo Reaches New 52-Week High (PRGO)

NEW YORK ( TheStreet) -- Perrigo Company (NYSE: PRGO) hit a new 52-week high Friday as it is currently trading at $155.14, above its previous 52-week high of $155.08 with 42,133 shares traded as of 9:50 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Perrigo has a market cap of $14.41 billion and is part of the health care sector and drugs industry. Shares are up 49% year to date as of the close of trading on Thursday.

Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API). The company has a P/E ratio of 32.2, 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Perrigo Ratings Report.

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