Mylan N.V. (MYL) Rating Reiterated by Mizuho
Mylan N.V. (NASDAQ:MYL)‘s stock had its “buy” rating reissued by research analysts at Mizuho in a research note issued to investors on Wednesday. They currently have a $37.00 price target on the stock. Mizuho’s price target would indicate a potential downside of 2.12% from the company’s previous close.
A number of other analysts have also weighed in on the stock. UBS AG restated a “buy” rating and set a $46.00 target price on shares of Mylan N.V. in a research note on Thursday. Instinet restated a “buy” rating and set a $37.00 target price on shares of Mylan N.V. in a research note on Thursday. Cowen and Company restated a “market perform” rating and set a $36.00 target price (up from $30.00) on shares of Mylan N.V. in a research note on Thursday. Wells Fargo & Company restated a “market perform” rating and set a $32.00 target price (up from $30.00) on shares of Mylan N.V. in a research note on Wednesday. Finally, Cantor Fitzgerald restated a “hold” rating and set a $34.00 target price on shares of Mylan N.V. in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Mylan N.V. currently has a consensus rating of “Buy” and an average target price of $42.04.
Mylan N.V. (MYL) traded up 0.26% during mid-day trading on Wednesday, hitting $37.90. 8,903,641 shares of the stock were exchanged. The firm has a market cap of $20.33 billion, a P/E ratio of 30.64 and a beta of 1.30. The company has a 50 day moving average of $31.65 and a 200 day moving average of $36.47. Mylan N.V. has a 12-month low of $29.39 and a 12-month high of $45.87. Mylan N.V. also was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 10,562 put options on the company. This represents an increase of 461% compared to the typical daily volume of 1,883 put options.
Mylan N.V. (NASDAQ:MYL) last released its earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ 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 in the previous year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts anticipate that Mylan N.V. will post $4.52 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Mylan N.V. by 2.6% during the first quarter. Wellington Management Group LLP now owns 46,373,108 shares of the company’s stock worth $1,808,088,000 after purchasing an additional 1,165,852 shares during the period. BlackRock Inc. lifted its holdings in shares of Mylan N.V. by 4.5% during the second quarter. BlackRock Inc. now owns 40,574,158 shares of the company’s stock worth $1,575,089,000 after purchasing an additional 1,751,515 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mylan N.V. by 12.0% during the second quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock worth $1,276,432,000 after purchasing an additional 3,531,974 shares during the period. State Street Corp lifted its holdings in shares of Mylan N.V. by 1.6% during the second quarter. State Street Corp now owns 20,498,541 shares of the company’s stock worth $795,751,000 after purchasing an additional 321,977 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in shares of Mylan N.V. by 69.9% during the second quarter. Pzena Investment Management LLC now owns 12,339,687 shares of the company’s stock worth $479,027,000 after purchasing an additional 5,077,371 shares during the period. 71.97% of the stock is owned by institutional investors and hedge funds.
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.
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