Mylan N.V.’s (MYL) Hold Rating Reiterated at Cantor Fitzgerald
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.
ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/mylan-n-v-s-myl-hold-rating-reiterated-at-cantor-fitzgerald/1615948.html.
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.
Receive News & Ratings for Mylan N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mylan N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.