Mylan N.V. (MYL) Given New $45.00 Price Target at BTIG Research
Mylan N.V. (NASDAQ:MYL) had its target price increased by BTIG Research from $42.00 to $45.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently commented on MYL. Zacks Investment Research raised Mylan N.V. from a sell rating to a hold rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a hold rating and issued a $41.00 price target on shares of Mylan N.V. in a research report on Tuesday, June 13th. BidaskClub raised Mylan N.V. from a sell rating to a hold rating in a research report on Thursday, June 22nd. ValuEngine cut Mylan N.V. from a buy rating to a hold rating in a research report on Wednesday, June 14th. Finally, Cantor Fitzgerald assumed coverage on Mylan N.V. in a research report on Friday, June 16th. They issued a neutral rating and a $41.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $41.99.
Shares of Mylan N.V. (MYL) traded up 0.98% during mid-day trading on Wednesday, hitting $38.29. The stock had a trading volume of 6,284,973 shares. The firm has a market cap of $20.53 billion, a PE ratio of 30.95 and a beta of 1.30. The stock’s 50-day moving average price is $32.08 and its 200-day moving average price is $36.45. Mylan N.V. has a 52-week low of $29.39 and a 52-week high of $45.87.
Mylan N.V. (NASDAQ:MYL) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.08). Mylan N.V. had a return on equity of 22.42% and a net margin of 5.51%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Mylan N.V. will post $4.57 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in MYL. BlackRock Inc. raised its holdings in Mylan N.V. by 3,447.5% in the 1st quarter. BlackRock Inc. now owns 38,822,643 shares of the company’s stock worth $1,513,696,000 after acquiring an additional 37,728,274 shares during the last quarter. Pzena Investment Management LLC raised its stake in Mylan N.V. by 69.9% during the 2nd quarter. Pzena Investment Management LLC now owns 12,339,687 shares of the company’s stock valued at $479,027,000 after buying an additional 5,077,371 shares during the last quarter. Vanguard Group Inc. raised its stake in Mylan N.V. by 12.0% during the 2nd quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock valued at $1,276,432,000 after buying an additional 3,531,974 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Mylan N.V. by 187.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,315,668 shares of the company’s stock valued at $168,268,000 after buying an additional 2,813,653 shares during the last quarter. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in Mylan N.V. during the 2nd quarter valued at $84,364,000. Institutional investors own 71.97% of the company’s stock.
Mylan N.V. Company Profile
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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