Mylan (MYL) Given a $46.00 Price Target at UBS

UBS set a $46.00 price objective on Mylan (NASDAQ:MYL) in a research note released on Monday morning. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Cowen reiterated a market perform rating and issued a $36.00 price objective (up previously from $30.00) on shares of Mylan in a research note on Thursday, October 5th. Mizuho reiterated a buy rating and issued a $37.00 price objective on shares of Mylan in a research note on Tuesday, October 24th. Zacks Investment Research lowered shares of Mylan from a buy rating to a hold rating in a research note on Wednesday, November 8th. Citigroup set a $42.00 price objective on shares of Mylan and gave the company a buy rating in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Mylan from a strong sell rating to a sell rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Mylan presently has a consensus rating of Buy and an average price target of $41.49.

Shares of Mylan (MYL) traded down $0.68 on Monday, reaching $37.44. 5,736,300 shares of the company’s stock were exchanged, compared to its average volume of 5,949,535. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $20,080.00, a PE ratio of 8.11, a P/E/G ratio of 2.09 and a beta of 1.38. Mylan has a twelve month low of $29.39 and a twelve month high of $45.87.

Mylan (NASDAQ:MYL) last issued its quarterly earnings results on Monday, November 6th. The company reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.10). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.09 billion. Mylan had a net margin of 7.28% and a return on equity of 20.63%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. research analysts forecast that Mylan will post 4.56 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MYL. Meeder Asset Management Inc. boosted its holdings in Mylan by 76.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,393 shares of the company’s stock valued at $106,000 after purchasing an additional 1,475 shares during the period. BT Investment Management Ltd bought a new position in Mylan in the 3rd quarter valued at $142,000. Global X Management Co. LLC boosted its holdings in Mylan by 59.2% in the 2nd quarter. Global X Management Co. LLC now owns 4,801 shares of the company’s stock valued at $186,000 after purchasing an additional 1,786 shares during the period. Doliver Capital Advisors LP bought a new position in Mylan in the 2nd quarter valued at $201,000. Finally, Eagle Global Advisors LLC bought a new position in Mylan in the 2nd quarter valued at $205,000. 73.86% of the stock is owned by institutional investors.

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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.

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