Raymond James Financial Inc. started coverage on shares of Mallinckrodt PLC (NYSE:MNK) in a research report report published on Friday. The firm issued an outperform rating and a $72.00 price target on the stock.

A number of other brokerages have also weighed in on MNK. Mizuho boosted their price target on Mallinckrodt PLC from $80.00 to $83.00 and gave the stock a buy rating in a research note on Thursday, July 21st. Vetr lowered Mallinckrodt PLC from a buy rating to a sell rating and set a $72.20 price target on the stock. in a research note on Tuesday, August 2nd. Leerink Swann set a $91.00 price target on Mallinckrodt PLC and gave the stock a buy rating in a research note on Wednesday, August 3rd. Guggenheim restated a buy rating and set a $98.00 price target on shares of Mallinckrodt PLC in a research note on Wednesday, August 3rd. Finally, Barclays PLC boosted their price target on Mallinckrodt PLC from $75.00 to $88.00 and gave the stock an overweight rating in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $89.54.

Analyst Recommendations for Mallinckrodt PLC (NYSE:MNK)

Mallinckrodt PLC (NYSE:MNK) traded up 4.30% during midday trading on Friday, reaching $56.94. 845,183 shares of the company’s stock were exchanged. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.74 and a beta of 1.62. Mallinckrodt PLC has a 52 week low of $50.90 and a 52 week high of $85.83. The firm’s 50 day moving average is $63.65 and its 200 day moving average is $66.56.

A number of institutional investors have recently made changes to their positions in the stock. Strs Ohio boosted its position in shares of Mallinckrodt PLC by 0.4% in the second quarter. Strs Ohio now owns 861,671 shares of the company’s stock worth $52,372,000 after buying an additional 3,057 shares during the period. APG Asset Management N.V. boosted its position in shares of Mallinckrodt PLC by 17.6% in the third quarter. APG Asset Management N.V. now owns 193,933 shares of the company’s stock worth $13,533,000 after buying an additional 29,000 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in shares of Mallinckrodt PLC by 125.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,771 shares of the company’s stock worth $108,000 after buying an additional 984 shares during the period. PineBridge Investments L.P. boosted its position in shares of Mallinckrodt PLC by 614.6% in the second quarter. PineBridge Investments L.P. now owns 4,216 shares of the company’s stock worth $256,000 after buying an additional 3,626 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Mallinckrodt PLC by 406.7% in the first quarter. Squarepoint Ops LLC now owns 66,058 shares of the company’s stock worth $4,048,000 after buying an additional 53,022 shares during the period. Institutional investors own 92.17% of the company’s stock.

About Mallinckrodt PLC

Mallinckrodt public limited company (Mallinckrodt) is engaged in the specialty pharmaceuticals and nuclear imaging business. The Company develops, manufactures, markets and distributes specialty pharmaceutical and biopharmaceutical products, and nuclear imaging agents. The Company’s segments include Specialty Brands, Specialty Generics and Nuclear Imaging.

5 Day Chart for NYSE:MNK

Receive News & Stock Ratings for Mallinckrodt PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mallinckrodt PLC and related stocks with our FREE daily email newsletter.