Wells Fargo & Company Analysts Give Mylan N.V. (NASDAQ:MYL) a $32.00 Price Target

Wells Fargo & Company set a $32.00 target price on Mylan N.V. (NASDAQ:MYL) in a report released on Wednesday, October 4th. The firm currently has a hold rating on the stock.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Mylan N.V. from a sell rating to a hold rating in a research report on Tuesday, August 1st. Royal Bank Of Canada set a $41.00 price objective on Mylan N.V. and gave the stock a hold rating in a report on Sunday, July 16th. Citigroup Inc. raised Mylan N.V. from a neutral rating to a buy rating and boosted their price objective for the stock from $36.00 to $42.00 in a report on Wednesday, August 16th. Cowen and Company reissued a hold rating and set a $43.00 price objective on shares of Mylan N.V. in a report on Thursday, August 3rd. Finally, BidaskClub raised Mylan N.V. from a strong sell rating to a sell rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $41.21.

Mylan N.V. (MYL) traded up 1.05% during trading on Wednesday, reaching $38.58. 2,879,480 shares of the company’s stock traded hands. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 31.19 and a beta of 1.30. Mylan N.V. has a 12 month low of $29.39 and a 12 month high of $45.87. The firm’s 50 day moving average is $33.26 and its 200-day moving average is $36.26.

Mylan N.V. (NASDAQ:MYL) last issued its quarterly 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 analyst estimates of $3 billion. Mylan N.V. had a return on equity of 22.42% and a net margin of 5.51%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. Analysts expect that Mylan N.V. will post $4.58 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in MYL. Ardsley Advisory Partners acquired a new stake in shares of Mylan N.V. in the 2nd quarter valued at approximately $291,000. Achmea Investment Management B.V. boosted its holdings in shares of Mylan N.V. by 76.7% in 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 during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Mylan N.V. by 1.1% in 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 during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Mylan N.V. by 25.7% in 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 during the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Mylan N.V. by 7.8% in 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 during the last quarter. 71.95% 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.

Analyst Recommendations for Mylan N.V. (NASDAQ:MYL)

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