Mylan N.V. (NASDAQ:MYL) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.

Several other research firms have also issued reports on MYL. Deutsche Bank AG lowered their price target on shares of Mylan N.V. from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. BMO Capital Markets started coverage on shares of Mylan N.V. in a research note on Monday, May 1st. They set an “outperform” rating and a $50.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Mylan N.V. from $39.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, May 11th. Zacks Investment Research cut shares of Mylan N.V. from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Finally, Cowen and Company reissued a “market perform” rating and issued a $43.00 price target (down previously from $55.00) on shares of Mylan N.V. in a research note on Sunday, May 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $47.83.

Shares of Mylan N.V. (NASDAQ:MYL) opened at 30.13 on Wednesday. The firm’s 50-day moving average is $36.82 and its 200 day moving average is $38.96. The company has a market capitalization of $16.16 billion, a PE ratio of 24.36 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.

Mylan N.V. (NASDAQ:MYL) last released its quarterly earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.18 by $0.08. Mylan N.V. had a return on equity of 22.42% and a net margin of 5.51%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts predict that Mylan N.V. will post $4.51 EPS for the current year.

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In other news, President Rajiv Malik sold 25,000 shares of the business’s stock in a transaction on 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 sale, the president now directly owns 799,855 shares of the company’s stock, valued at $31,994,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Mauro sold 10,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. Following the sale, the insider now directly owns 140,653 shares of the company’s stock, valued at $5,626,120. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of MYL. Harvest Management bought a new stake in shares of Mylan N.V. during the third quarter worth about $3,462,000. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in shares of Mylan N.V. during the third quarter worth approximately $3,268,000. Eagle Asset Management increased its position in shares of Mylan N.V. by 85.5% in the third quarter. Eagle Asset Management now owns 752,812 shares of the company’s stock worth $30,308,000 after buying an additional 347,018 shares in the last quarter. Water Island Capital increased its position in shares of Mylan N.V. by 817.9% in the third quarter. Water Island Capital now owns 370,088 shares of the company’s stock worth $14,900,000 after buying an additional 329,770 shares in the last quarter. Finally, Janus Capital Management increased its position in shares of Mylan N.V. by 1,608.1% in the third quarter. Janus Capital Management now owns 687,099 shares of the company’s stock worth $27,663,000 after buying an additional 646,874 shares in the last quarter. 71.57% of the stock is owned by hedge funds and other institutional investors.

About Mylan N.V.

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.

The Fly

Analyst Recommendations for Mylan N.V. (NASDAQ:MYL)

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