Sleeper Stocks: Perrigo Company plc (PRGO), Waste Management, Inc. (WM)

Perrigo Company plc (PRGO) rose 1.73% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -44.34% and is now up by 21.29% since start of this year. A look at its monthly performance shows that the stock has recorded a 7.06% gain over the past 30 days. Its equity price dipped by -37.45% over the past three months which led to its overall six-month decrease to stand at -32.89%.

Experts from research firms are bullish about the near-term performance of Perrigo Company plc with most of them predicting a $65.82 price target on a short-term (12 months) basis. The average price target by the analysts will see a 40.04% rise in the stock and would lead to PRGO’s market cap to surge to $9.04B. The stock has been rated an average 2.9, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 14 analysts that track Perrigo Company plc (NYSE:PRGO) and find out that 12 of them rated it as a Hold. 2 of the 2 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at PRGO technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 47.73 point. Its trading volume has lost -435540 shares compared to readings over the past three months as it recently exchanged 1394460 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1830000 shares, and this is 0.76 times the normal volume.

Analysts have predicted a price target for Waste Management, Inc. (WM) for 1 year and it stands at an average $100.18/share. This means that it would likely increase by 2.89% from its current position. The current price of the stock has been moving between $97.08 and $98.54. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $75. On the other hand, one analyst is super bullish about the price, setting a target as high as $114.

The WM stock Stochastic Oscillator (%D) is at 90.16%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.83 which compares to the 5.4 recorded by the industry or the 2.12 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.87, which is higher than the 14.66 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 26.7% over the past five years.

Analysts view Waste Management, Inc. (NYSE:WM) as a Buy, with 1.7 consensus rating. Reuters surveyed 11 analysts that follow WM and found that 0 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Waste Management, Inc. (WM) shares or sell it if they already own it.