Mallinckrodt PLC Reaches New 12-Month High at $83.20 (MNK)
Shares of Mallinckrodt PLC (NYSE:MNK) hit a new 52-week high during trading on Monday , Stock Ratings News reports. The company traded as high as $83.20 and last traded at $80.44, with a volume of 840,012 shares changing hands. The stock had previously closed at $81.27.
A number of analysts have recently weighed in on MNK shares. Analysts at Leerink Swann raised their price target on shares of Mallinckrodt PLC from $82.00 to $90.00 in a research note on Thursday, May 22nd. Separately, analysts at Jefferies Group raised their price target on shares of Mallinckrodt PLC from $77.00 to $85.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.60.
The stock has a 50-day moving average of $77.69 and a 200-day moving average of $66.79. The company has a market cap of $4.715 billion and a P/E ratio of 75.46.
Mallinckrodt PLC (NYSE:MNK) last announced its earnings results on Thursday, May 8th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.17. The company had revenue of $557.80 million for the quarter, compared to the consensus estimate of $566.50 million. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that Mallinckrodt PLC will post $3.50 earnings per share for the current fiscal year.
Mallinckrodt public limited company (NYSE:MNK) is a global specialty pharmaceuticals company.
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