Mylan (NASDAQ:MYL) had its target price upped by analysts at Goldman Sachs Group from $46.00 to $52.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 14.15% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Cowen reissued a “market perform” rating and issued a $36.00 target price (up previously from $30.00) on shares of Mylan in a research note on Thursday, October 5th. Mizuho reissued a “buy” rating and issued a $37.00 target price on shares of Mylan in a research note on Tuesday, October 24th. Zacks Investment Research lowered Mylan from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. UBS Group set a $46.00 target price on Mylan and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Cantor Fitzgerald set a $41.00 target price on Mylan and gave the company a “hold” rating in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $43.64.

Shares of Mylan (NASDAQ:MYL) opened at $45.55 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.95 and a current ratio of 1.46. Mylan has a 52 week low of $29.39 and a 52 week high of $45.87. The stock has a market capitalization of $23,810.00, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

Mylan (NASDAQ:MYL) last issued its quarterly earnings results on Monday, November 6th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.10). Mylan had a return on equity of 20.63% and a net margin of 7.28%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm earned $1.38 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. sell-side analysts forecast that Mylan will post 4.56 EPS for the current year.

In related news, CEO Heather M. Bresch sold 75,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $45.00, for a total transaction of $3,375,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.69% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Greenlight Capital Inc. increased its holdings in Mylan by 0.4% during the 3rd quarter. Greenlight Capital Inc. now owns 10,744,307 shares of the company’s stock valued at $337,048,000 after purchasing an additional 42,600 shares during the period. Wealthsource Partners LLC grew its holdings in shares of Mylan by 57.6% during the 3rd quarter. Wealthsource Partners LLC now owns 14,705 shares of the company’s stock worth $461,000 after acquiring an additional 5,375 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Mylan during the 3rd quarter worth approximately $471,000. Cypress Capital Group grew its holdings in shares of Mylan by 37.7% during the 3rd quarter. Cypress Capital Group now owns 13,079 shares of the company’s stock worth $410,000 after acquiring an additional 3,579 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Mylan by 4.2% during the 3rd quarter. California Public Employees Retirement System now owns 1,129,978 shares of the company’s stock worth $35,447,000 after acquiring an additional 45,822 shares during the period. Institutional investors own 74.90% of the company’s stock.

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Mylan 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.

The Fly

Analyst Recommendations for Mylan (NASDAQ:MYL)

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