TheStreet Upgrades Mylan (MYL) to “B-“
Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Co set a $43.00 target price on shares of Mylan and gave the stock a hold rating in a research note on Thursday. Zacks Investment Research raised shares of Mylan from a sell rating to a hold rating in a research note on Tuesday. Goldman Sachs Group lifted their target price on shares of Mylan from $46.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Citigroup reaffirmed a buy rating and set a $58.00 target price (up previously from $48.00) on shares of Mylan in a research note on Thursday, January 4th. Finally, Leerink Swann began coverage on shares of Mylan in a research note on Tuesday, January 2nd. They set a market perform rating and a $44.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $44.19.
Shares of Mylan (NASDAQ MYL) opened at $46.73 on Wednesday. Mylan has a 1-year low of $29.39 and a 1-year high of $47.25. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 1.05. The company has a market cap of $24,950.00, a price-to-earnings ratio of 28.15, a P/E/G ratio of 1.49 and a beta of 1.38.
In other news, CEO Heather M. Bresch sold 75,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $45.00, for a total transaction of $3,375,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.69% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in Mylan by 24.9% in the 2nd quarter. Wells Fargo & Company MN now owns 584,096 shares of the company’s stock valued at $22,675,000 after buying an additional 116,447 shares during the period. Riverhead Capital Management LLC raised its holdings in Mylan by 4.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,196 shares of the company’s stock valued at $279,000 after buying an additional 328 shares during the period. Ameriprise Financial Inc. raised its holdings in Mylan by 4.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 279,428 shares of the company’s stock valued at $10,844,000 after buying an additional 10,861 shares during the period. Thrivent Financial For Lutherans raised its holdings in Mylan by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 289,840 shares of the company’s stock valued at $11,252,000 after buying an additional 16,120 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Mylan by 34.8% in the 2nd quarter. Rafferty Asset Management LLC now owns 51,420 shares of the company’s stock valued at $1,996,000 after buying an additional 13,287 shares during the period. 74.90% of the stock is currently owned by hedge funds and other institutional investors.
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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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