Cantor Fitzgerald restated their hold rating on shares of Mylan N.V. (NASDAQ:MYL) in a research report sent to investors on Wednesday. Cantor Fitzgerald currently has a $34.00 price objective on the stock.

Several other equities research analysts have 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. 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. Citigroup Inc. raised shares of Mylan N.V. from a neutral rating to a buy rating and increased their price target for the company from $36.00 to $42.00 in a research report on Wednesday, August 16th. 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. Finally, Zacks Investment Research raised shares of Mylan N.V. from a sell rating to a hold rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $41.99.

Shares of Mylan N.V. (NASDAQ MYL) traded up 0.98% during trading on Wednesday, reaching $38.29. 6,284,973 shares of the company were exchanged. The stock has a market capitalization of $20.53 billion, a PE ratio of 30.95 and a beta of 1.30. The stock has a 50-day moving average price of $32.08 and a 200-day moving average price of $36.45. Mylan N.V. has a one year low of $29.39 and a one year high of $45.87. Mylan N.V. also saw some unusual options trading activity on Wednesday. Investors purchased 10,562 put options on the company. This is an increase of approximately 461% compared to the typical volume of 1,883 put options.

Mylan N.V. (NASDAQ:MYL) last announced 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 net margin of 5.51% and a return on equity of 22.42%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the company posted $1.16 EPS. Mylan N.V.’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts forecast that Mylan N.V. will post $4.57 EPS for the current year.

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Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Mylan N.V. by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 46,373,108 shares of the company’s stock worth $1,808,088,000 after acquiring an additional 1,165,852 shares in the last quarter. BlackRock Inc. increased its stake in shares of Mylan N.V. by 4.5% in the 2nd quarter. BlackRock Inc. now owns 40,574,158 shares of the company’s stock worth $1,575,089,000 after acquiring an additional 1,751,515 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Mylan N.V. by 12.0% in the 2nd quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock worth $1,276,432,000 after acquiring an additional 3,531,974 shares in the last quarter. State Street Corp increased its stake in shares of Mylan N.V. by 1.6% in the 2nd quarter. State Street Corp now owns 20,498,541 shares of the company’s stock worth $795,751,000 after acquiring an additional 321,977 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Mylan N.V. by 69.9% in the 2nd quarter. Pzena Investment Management LLC now owns 12,339,687 shares of the company’s stock worth $479,027,000 after acquiring an additional 5,077,371 shares in the last quarter. Institutional investors own 71.97% of the company’s stock.

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.

Analyst Recommendations for Mylan N.V. (NASDAQ:MYL)

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