Mallinckrodt PLC Director Purchases $138,480 in Stock (MNK)
Mallinckrodt PLC (NYSE:MNK) Director J Martin Carroll purchased 2,000 shares of Mallinckrodt PLC stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $69.24 per share, for a total transaction of $138,480.00. Following the completion of the purchase, the director now directly owns 9,209 shares in the company, valued at approximately $637,631. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MNK shares. Analysts at Leerink Swann cut their price target on shares of Mallinckrodt PLC from $90.00 to $77.00 in a research note on Friday. Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Mallinckrodt PLC in a research note on Friday. They now have a $77.00 price target on the stock, down previously from $90.00. Finally, 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. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $85.78.
Shares of Mallinckrodt PLC (NYSE:MNK) traded down 2.01% during mid-day trading on Tuesday, hitting $68.12. 2,787,199 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 has a 50-day moving average of $74.56 and a 200-day moving average of $70.46. The company has a market cap of $3.990 billion and a price-to-earnings ratio of 61.47.
Mallinckrodt PLC (NYSE:MNK) last released its earnings data on Thursday, August 7th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.33. The company had revenue of $653.10 million for the quarter, compared to the consensus estimate of $278.80 million. During the same quarter last year, the company posted $0.49 earnings per share. Mallinckrodt PLC’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Mallinckrodt PLC will post $4.05 earnings per share for the current fiscal year.
Mallinckrodt public limited company (NYSE:MNK) is a global specialty pharmaceuticals company.
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