Mylan N.V. (MYL) Cut to Strong Sell at BidaskClub
Mylan N.V. (NASDAQ:MYL) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
MYL has been the topic of several other reports. Zacks Investment Research raised Mylan N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company reaffirmed a “market perform” rating and set a $43.00 price target (down from $55.00) on shares of Mylan N.V. in a research report on Sunday, May 21st. UBS AG reaffirmed a “buy” rating and set a $46.00 price target (down from $50.00) on shares of Mylan N.V. in a research report on Thursday, August 10th. Citigroup Inc. raised Mylan N.V. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $42.00 in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $33.00 price target (down from $41.00) on shares of Mylan N.V. in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Mylan N.V. currently has a consensus rating of “Buy” and an average target price of $47.73.
Mylan N.V. (NASDAQ MYL) traded up 1.13% during mid-day trading on Wednesday, hitting $30.47. The company’s stock had a trading volume of 8,994,741 shares. The company has a market cap of $16.34 billion, a P/E ratio of 24.63 and a beta of 1.27. Mylan N.V. has a 12-month low of $29.39 and a 12-month high of $49.42. The firm’s 50-day moving average is $36.59 and its 200-day moving average is $38.90.
Mylan N.V. (NASDAQ:MYL) last released its earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company earned $1.16 earnings per share. Mylan N.V.’s revenue was up 15.7% on a year-over-year basis. Analysts predict that Mylan N.V. will post $4.51 EPS for the current fiscal year.
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In related news, insider Anthony Mauro sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the transaction, the insider now directly owns 140,653 shares of the company’s stock, valued at approximately $5,626,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Rajiv Malik sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the president now directly owns 799,855 shares in the company, valued at $31,994,200. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Mylan N.V. by 3,447.5% in the first quarter. BlackRock Inc. now owns 38,822,643 shares of the company’s stock worth $1,513,696,000 after buying an additional 37,728,274 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Mylan N.V. during the first quarter worth approximately $283,158,000. Vanguard Group Inc. increased its stake in Mylan N.V. by 12.0% in the second quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock worth $1,276,432,000 after buying an additional 3,531,974 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Mylan N.V. by 187.3% in the first quarter. TIAA CREF Investment Management LLC now owns 4,315,668 shares of the company’s stock worth $168,268,000 after buying an additional 2,813,653 shares during the last quarter. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in Mylan N.V. during the second quarter worth approximately $84,364,000. 71.57% of the stock is currently owned by hedge funds and other institutional investors.
Mylan N.V. Company Profile
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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