Mylan N.V. (MYL) PT Set at $42.00 by Citigroup Inc.
Other equities analysts have also recently issued research reports about the stock. Cowen and Company restated a hold rating and set a $30.00 target price (down previously from $43.00) on shares of Mylan N.V. in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a sector perform rating and set a $32.00 price target (down previously from $33.00) on shares of Mylan N.V. in a research report on Thursday, August 10th. Wells Fargo & Company set a $32.00 price target on shares of Mylan N.V. and gave the company a hold rating in a research report on Wednesday. Cantor Fitzgerald set a $34.00 price target on shares of Mylan N.V. and gave the company a hold rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Mylan N.V. from a sell rating to a hold rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given 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 target price of $41.99.
Shares of Mylan N.V. (NASDAQ MYL) opened at 38.29 on Wednesday. The stock has a market cap of $20.53 billion, a P/E ratio of 30.95 and a beta of 1.30. The company’s 50-day moving average is $32.08 and its 200-day moving average is $36.45. Mylan N.V. has a 12-month low of $29.39 and a 12-month high of $45.87.
Mylan N.V. (NASDAQ:MYL) last posted its earnings results on Wednesday, August 9th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.08). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3 billion. Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. Mylan N.V.’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, equities research analysts anticipate that Mylan N.V. will post $4.57 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Ardsley Advisory Partners purchased a new stake in Mylan N.V. in the 2nd quarter worth approximately $291,000. Achmea Investment Management B.V. grew its holdings in Mylan N.V. by 76.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 41,018 shares of the company’s stock valued at $1,592,000 after buying an additional 17,804 shares in the last quarter. Sentry Investment Management LLC grew its holdings in Mylan N.V. by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 34,290 shares of the company’s stock valued at $1,331,000 after buying an additional 360 shares in the last quarter. Toronto Dominion Bank grew its holdings in Mylan N.V. by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 156,074 shares of the company’s stock valued at $6,058,000 after buying an additional 31,862 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in Mylan N.V. by 7.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 164,340 shares of the company’s stock valued at $6,380,000 after buying an additional 11,854 shares in the last quarter. 71.97% of the stock is owned by 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.
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