BTIG Research reiterated their buy rating on shares of Mylan Inc. (NASDAQ:MYL) in a research report sent to investors on Tuesday morning. BTIG Research currently has a $55.00 price objective on the stock.

MYL has been the topic of several other research reports. Bank of America Corp. reaffirmed a buy rating and issued a $70.00 price target on shares of Mylan in a research note on Wednesday, August 24th. JPMorgan Chase & Co. set a $52.00 price target on Mylan and gave the company a buy rating in a research note on Tuesday, October 4th. Wells Fargo & Co. reaffirmed a market perform rating and issued a $44.00 price target on shares of Mylan in a research note on Thursday, August 25th. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating and issued a $60.00 price target on shares of Mylan in a research note on Thursday, August 25th. Finally, Evercore ISI reaffirmed a hold rating and issued a $49.00 price target on shares of Mylan in a research note on Friday, August 26th. Eleven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Mylan currently has an average rating of Buy and an average target price of $52.83.

Mylan (NASDAQ:MYL) opened at 36.06 on Tuesday. Mylan has a 52 week low of $33.60 and a 52 week high of $55.51. The company’s 50-day moving average price is $37.27 and its 200 day moving average price is $42.19. The company has a market cap of $19.30 billion, a PE ratio of 72.26 and a beta of 1.10.

Mylan (NASDAQ:MYL) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.07. The company earned $3.06 billion during the quarter, compared to analyst estimates of $3.12 billion. Mylan had a net margin of 2.50% and a return on equity of 22.04%. Mylan’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. On average, analysts anticipate that Mylan will post $4.76 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Daily Political and is the propert of of Daily Political. If you are accessing this news story on another website, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this news story can be accessed at http://www.dailypolitical.com/2016/11/30/mylans-myl-buy-rating-reaffirmed-at-btig-research.html.

A number of large investors have recently added to or reduced their stakes in MYL. Advisory Services Network LLC boosted its position in Mylan by 43.6% in the second quarter. Advisory Services Network LLC now owns 2,537 shares of the company’s stock valued at $110,000 after buying an additional 770 shares in the last quarter. Kernodle & Katon Asset Management Group LLC increased its position in Mylan by 4.7% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 2,884 shares of the company’s stock worth $110,000 after buying an additional 129 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Mylan by 6.6% in the second quarter. Checchi Capital Advisers LLC now owns 2,637 shares of the company’s stock worth $114,000 after buying an additional 164 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Mylan by 12.5% in the third quarter. Mosaic Family Wealth LLC now owns 3,600 shares of the company’s stock worth $137,000 after buying an additional 400 shares in the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Mylan during the second quarter worth about $145,000. Institutional investors and hedge funds own 60.29% of the company’s stock.

About Mylan

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.

5 Day Chart for NASDAQ:MYL

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