Mylan N.V. (NASDAQ:MYL)‘s stock had its “buy” rating restated by Instinet in a note issued to investors on Thursday. They currently have a $37.00 price objective on the stock. Instinet’s price objective would indicate a potential downside of 2.12% from the stock’s previous close.

A number of other research firms have also commented on MYL. Wells Fargo & Company restated a “market perform” rating and issued a $32.00 price objective (up from $30.00) on shares of Mylan N.V. in a research report on Wednesday. Cantor Fitzgerald set a $34.00 price objective on shares of Mylan N.V. and gave the company a “hold” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of Mylan N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BMO Capital Markets restated a “buy” rating and issued a $45.00 price objective on shares of Mylan N.V. in a research report on Friday, September 29th. Finally, BidaskClub upgraded shares of Mylan N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Mylan N.V. currently has a consensus rating of “Buy” and a consensus target price of $42.04.

Mylan N.V. (NASDAQ:MYL) traded down 2.04% during mid-day trading on Thursday, reaching $37.03. 4,067,187 shares of the company’s stock were exchanged. Mylan N.V. has a 52-week low of $29.39 and a 52-week high of $45.87. The company has a 50-day moving average of $31.65 and a 200-day moving average of $36.47. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 29.94 and a beta of 1.30. Mylan N.V. also saw some unusual options trading activity on Wednesday. Stock traders bought 10,562 put options on the company. This represents an increase of 461% compared to the typical volume of 1,883 put options.

Mylan N.V. (NASDAQ:MYL) last released its quarterly earnings data on Wednesday, August 9th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3 billion. During the same quarter last year, the business posted $1.16 earnings per share. Mylan N.V.’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts anticipate that Mylan N.V. will post $4.52 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/05/mylan-n-v-myl-receives-buy-rating-from-instinet.html.

Several hedge funds have recently bought and sold shares of MYL. Global X Management Co. LLC raised its stake in shares of Mylan N.V. by 91.6% during the first quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock worth $118,000 after acquiring an additional 1,441 shares in the last quarter. TLP Group LLC purchased a new position in shares of Mylan N.V. during the first quarter worth approximately $200,000. Doliver Capital Advisors LP purchased a new position in shares of Mylan N.V. during the second quarter worth approximately $201,000. Eagle Global Advisors LLC purchased a new position in shares of Mylan N.V. during the second quarter worth approximately $205,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of Mylan N.V. during the second quarter worth approximately $210,000. 71.97% of the stock is currently 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.

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

Receive News & Ratings for Mylan N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mylan N.V. and related companies with MarketBeat.com's FREE daily email newsletter.