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Mallinckrodt PLC (NYSE:MNK) major shareholder Paulson & Co Inc acquired 275,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $69.60 per share, for a total transaction of $19,140,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

A number of analysts have recently weighed in on MNK shares. Analysts at Bank of America raised their price target on shares of Mallinckrodt PLC to $97.00 in a research note on Tuesday, July 29th. Separately, analysts at Deutsche Bank initiated coverage on shares of Mallinckrodt PLC in a research note on Tuesday, July 22nd. They set a “buy” rating and a $96.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Mallinckrodt PLC from $85.00 to $95.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $86.36.

Mallinckrodt PLC (NYSE:MNK) traded up 0.89% on Monday, hitting $70.51. 1,608,393 shares of the company’s stock traded hands. Mallinckrodt PLC has a one year low of $41.67 and a one year high of $83.20. The stock’s 50-day moving average is $76.06 and its 200-day moving average is $69.87. The company has a market cap of $4.129 billion and a P/E ratio of 64.83.

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 $3.53 earnings per share for the current fiscal year.

Mallinckrodt public limited company (NYSE:MNK) is a global specialty pharmaceuticals company.

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