Mylan N.V. (NASDAQ:MYL) Downgraded by BidaskClub
BidaskClub cut shares of Mylan N.V. (NASDAQ:MYL) from a hold rating to a sell rating in a report released on Saturday.
Several other brokerages also recently commented on MYL. Royal Bank Of Canada set a $41.00 price objective on shares of Mylan N.V. and gave the company a hold rating in a research note on Saturday, May 13th. ValuEngine downgraded shares of Mylan N.V. from a buy rating to a hold rating in a research note on Wednesday, June 14th. Cowen and Company reaffirmed a hold rating and set a $43.00 price objective on shares of Mylan N.V. in a research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed a market perform rating and set a $40.00 price objective on shares of Mylan N.V. in a research note on Wednesday, May 31st. Finally, Cantor Fitzgerald assumed coverage on shares of Mylan N.V. in a research note on Friday, June 16th. They set a neutral rating and a $41.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $50.21.
Shares of Mylan N.V. (MYL) opened at 31.79 on Friday. The firm has a market capitalization of $17.04 billion, a P/E ratio of 31.76 and a beta of 1.27. The company has a 50-day moving average price of $38.19 and a 200-day moving average price of $39.19. Mylan N.V. has a 12-month low of $31.28 and a 12-month high of $50.40. Mylan N.V. also was the target of unusually large options trading activity on Monday. Traders acquired 9,410 call options on the stock. This is an increase of 250% compared to the average daily volume of 2,688 call options.
Mylan N.V. (NASDAQ:MYL) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.81 billion. Mylan N.V. had a net margin of 4.59% and a return on equity of 23.69%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts predict that Mylan N.V. will post $5.12 EPS for the current year.
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In other Mylan N.V. news, President Rajiv Malik sold 25,000 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the transaction, the president now directly owns 799,855 shares in the company, valued at $31,994,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony Mauro sold 10,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the transaction, the insider now owns 140,653 shares in the company, valued at $5,626,120. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in MYL. First Personal Financial Services boosted its stake in shares of Mylan N.V. by 33.2% in the first quarter. First Personal Financial Services now owns 2,733 shares of the company’s stock worth $107,000 after buying an additional 681 shares during the period. Global X Management Co. LLC boosted its position in shares of Mylan N.V. by 91.6% in the first quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock worth $118,000 after buying an additional 1,441 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in shares of Mylan N.V. during the first quarter worth approximately $136,000. Oakworth Capital Inc. boosted its position in shares of Mylan N.V. by 30.7% in the first quarter. Oakworth Capital Inc. now owns 4,255 shares of the company’s stock worth $166,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Mylan N.V. during the first quarter worth approximately $188,000. 70.19% of the stock is owned by hedge funds and other institutional investors.
Mylan N.V. 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.
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