Mylan (NASDAQ:MYL) was upgraded by equities research analysts at Leerink Swann from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, The Fly reports.
Several other research analysts have also recently issued reports on MYL. Royal Bank of Canada set a $45.00 price target on Mylan and gave the stock a “hold” rating in a research note on Tuesday, April 3rd. Morgan Stanley set a $50.00 target price on Mylan and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald set a $41.00 target price on Mylan and gave the company a “hold” rating in a research note on Wednesday. ValuEngine cut Mylan from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, BidaskClub cut Mylan from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.02.
NASDAQ:MYL opened at $40.39 on Thursday. Mylan has a 1 year low of $29.39 and a 1 year high of $47.82. The firm has a market capitalization of $21,373.74, a PE ratio of 8.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 1.06.
Mylan (NASDAQ:MYL) last released its quarterly earnings results on Wednesday, February 28th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.02. Mylan had a return on equity of 19.14% and a net margin of 5.84%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the business posted $1.57 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. sell-side analysts predict that Mylan will post 5.38 earnings per share for the current year.
In related news, insider Paul Campbell sold 7,030 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $44.01, for a total value of $309,390.30. Following the completion of the sale, the insider now directly owns 17,054 shares of the company’s stock, valued at approximately $750,546.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Mauro sold 12,257 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.35, for a total value of $494,569.95. Following the completion of the sale, the insider now directly owns 147,435 shares of the company’s stock, valued at $5,949,002.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,287 shares of company stock valued at $11,034,960. 0.69% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in MYL. Ameriprise Financial Inc. lifted its stake in Mylan by 16.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 326,281 shares of the company’s stock worth $10,228,000 after acquiring an additional 46,853 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mylan by 20.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,553,480 shares of the company’s stock worth $111,450,000 after purchasing an additional 612,513 shares during the last quarter. First Republic Investment Management Inc. increased its position in Mylan by 12.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 26,505 shares of the company’s stock worth $832,000 after purchasing an additional 2,845 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in Mylan in the 3rd quarter worth about $426,000. Finally, Janus Henderson Group PLC increased its position in Mylan by 56.5% in the 3rd quarter. Janus Henderson Group PLC now owns 114,620 shares of the company’s stock worth $3,593,000 after purchasing an additional 41,389 shares during the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.
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Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.
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