Mylan N.V. (MYL) Receives Average Rating of “Buy” from Analysts
Shares of Mylan N.V. (NASDAQ:MYL) have been assigned an average rating of “Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, twelve have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $47.83.
A number of research analysts have recently weighed in on MYL shares. Wells Fargo & Company reissued a “market perform” rating and set a $40.00 target price on shares of Mylan N.V. in a research report on Friday, April 14th. Royal Bank Of Canada reissued a “sector perform” rating and set a $46.00 target price (down from $48.00) on shares of Mylan N.V. in a research report on Monday, April 17th. Deutsche Bank AG reduced their target price on shares of Mylan N.V. from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. BMO Capital Markets started coverage on shares of Mylan N.V. in a research report on Monday, May 1st. They set an “outperform” rating and a $50.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Mylan N.V. from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.
In related news, insider Anthony Mauro sold 10,000 shares of Mylan N.V. stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the transaction, the insider now directly owns 140,653 shares of the company’s stock, valued at approximately $5,626,120. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Rajiv Malik sold 25,000 shares of Mylan N.V. stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the transaction, the president now directly owns 799,855 shares of the company’s stock, valued at $31,994,200. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Personal Financial Services boosted its position in shares of Mylan N.V. by 33.2% in the first quarter. First Personal Financial Services now owns 2,733 shares of the company’s stock valued at $107,000 after buying an additional 681 shares during the period. Global X Management Co. LLC boosted its position in Mylan N.V. by 91.6% in the first 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 during the last quarter. Ropes Wealth Advisors LLC bought a new position in Mylan N.V. during the first quarter valued at $136,000. Oakworth Capital Inc. boosted its position in Mylan N.V. by 30.7% in the first quarter. Oakworth Capital Inc. now owns 4,255 shares of the company’s stock valued at $166,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Mylan N.V. during the first quarter valued at $188,000. 70.19% of the stock is owned by institutional investors.
Mylan N.V. (NASDAQ MYL) traded down 4.37% during trading on Friday, reaching $30.88. The company had a trading volume of 11,080,764 shares. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 24.96 and a beta of 1.27. Mylan N.V. has a one year low of $29.58 and a one year high of $49.42. The company has a 50-day moving average price of $37.34 and a 200 day moving average price of $39.01.
Mylan N.V. (NASDAQ:MYL) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Mylan N.V. will post $4.68 earnings per share for the current year.
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About Mylan N.V.
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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