Mylan N.V. (MYL) Rating Reiterated by Mizuho
Mylan N.V. (NASDAQ:MYL)‘s stock had its “buy” rating reiterated by analysts at Mizuho in a research report issued on Wednesday. They presently have a $37.00 price target on the stock. Mizuho’s target price suggests a potential downside of 2.43% from the stock’s current price.
Several other equities research analysts also recently weighed in on MYL. Cowen and Company reissued a “hold” rating and set a $30.00 price target (down previously from $43.00) on shares of Mylan N.V. in a research report on Wednesday, August 9th. Cantor Fitzgerald set a $34.00 price target on shares of Mylan N.V. and gave the company a “hold” rating in a research report on Wednesday, August 9th. Wells Fargo & Company set a $30.00 price target on shares of Mylan N.V. and gave the company a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $32.00 price target (down previously from $33.00) on shares of Mylan N.V. in a research report on Thursday, August 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $45.00 price target (down previously from $50.00) on shares of Mylan N.V. in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.04.
Mylan N.V. (NASDAQ:MYL) opened at 37.92 on Wednesday. The stock has a 50 day moving average price of $31.86 and a 200-day moving average price of $36.48. The stock has a market cap of $20.34 billion, a P/E ratio of 30.65 and a beta of 1.30. Mylan N.V. has a 52 week low of $29.39 and a 52 week high of $45.87. Mylan N.V. also was the target of some unusual options trading activity on Wednesday. Investors acquired 10,562 put options on the company. This is an increase of approximately 461% compared to the average daily volume of 1,883 put options.
Mylan N.V. (NASDAQ:MYL) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.08). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3 billion. Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. Mylan N.V.’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. On average, equities analysts anticipate that Mylan N.V. will post $4.52 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC lifted its stake in shares of Mylan N.V. by 91.6% during the 1st quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock valued at $118,000 after buying an additional 1,441 shares in the last quarter. TLP Group LLC purchased a new position in shares of Mylan N.V. during the 1st quarter valued at $200,000. Doliver Capital Advisors LP purchased a new position in shares of Mylan N.V. during the 2nd quarter valued at $201,000. Eagle Global Advisors LLC purchased a new position in shares of Mylan N.V. during the 2nd quarter valued at $205,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of Mylan N.V. during the 2nd quarter valued at $210,000. 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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