Cantor Fitzgerald Analysts Give Mylan (MYL) a $41.00 Price Target

Cantor Fitzgerald set a $41.00 price objective on Mylan (NASDAQ:MYL) in a research note issued to investors on Wednesday. The firm currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Goldman Sachs increased their price objective on Mylan from $46.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, January 11th. Citigroup reiterated a buy rating and set a $58.00 price objective (up from $48.00) on shares of Mylan in a research note on Thursday, January 4th. Leerink Swann assumed coverage on Mylan in a research note on Tuesday, January 2nd. They set a market perform rating and a $44.00 price objective for the company. JPMorgan Chase set a $53.00 price objective on Mylan and gave the stock a buy rating in a research note on Friday, February 16th. Finally, Deutsche Bank set a $50.00 price objective on Mylan and gave the stock a buy rating in a research note on Wednesday, January 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $47.02.

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Shares of NASDAQ MYL opened at $40.62 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.13 and a quick ratio of 0.73. The firm has a market capitalization of $21,239.89, a P/E ratio of 9.05, a PEG ratio of 1.31 and a beta of 1.34. Mylan has a one year low of $29.39 and a one year high of $47.82.

Mylan (NASDAQ:MYL) last issued its earnings results on Wednesday, February 28th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.29 billion. Mylan had a return on equity of 19.14% and a net margin of 5.84%. Mylan’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. equities analysts anticipate that Mylan will post 5.37 EPS for the current year.

In related news, insider Anthony Mauro sold 12,257 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $40.35, for a total value of $494,569.95. Following the transaction, the insider now owns 147,435 shares in the company, valued at $5,949,002.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Campbell sold 7,030 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $44.01, for a total value of $309,390.30. Following the completion of the transaction, the insider now owns 17,054 shares in the company, valued at approximately $750,546.54. The disclosure for this sale can be found here. Insiders have sold 269,287 shares of company stock worth $11,034,960 in the last 90 days. Company insiders own 0.69% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MYL. Ameriprise Financial Inc. boosted its holdings in Mylan by 16.8% in the third quarter. Ameriprise Financial Inc. now owns 326,281 shares of the company’s stock valued at $10,228,000 after acquiring an additional 46,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mylan by 20.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,553,480 shares of the company’s stock valued at $111,450,000 after acquiring an additional 612,513 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Mylan by 6.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 68,557 shares of the company’s stock valued at $2,150,000 after acquiring an additional 4,277 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Mylan by 1,465.9% in the third quarter. Asset Management One Co. Ltd. now owns 671,610 shares of the company’s stock valued at $21,067,000 after acquiring an additional 628,720 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in Mylan by 12.0% in the third quarter. First Republic Investment Management Inc. now owns 26,505 shares of the company’s stock valued at $832,000 after acquiring an additional 2,845 shares during the last quarter. Institutional investors and hedge funds own 84.54% 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.

Analyst Recommendations for Mylan (NASDAQ:MYL)

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