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

MYL has been the subject of several other research reports. Cantor Fitzgerald initiated coverage on Mylan N.V. in a research report on Friday, June 16th. They issued a neutral rating and a $41.00 price target for the company. Royal Bank Of Canada set a $41.00 price target on Mylan N.V. and gave the stock a hold rating in a research report on Sunday, July 16th. BidaskClub raised Mylan N.V. from a strong sell rating to a sell rating in a research report on Thursday, September 7th. BMO Capital Markets reaffirmed a buy rating and issued a $45.00 price target on shares of Mylan N.V. in a research report on Friday, September 29th. Finally, BTIG Research lifted their price target on Mylan N.V. from $42.00 to $45.00 and gave the stock a buy rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Mylan N.V. presently has an average rating of Buy and a consensus target price of $41.21.

Shares of Mylan N.V. (MYL) traded up 0.50% during mid-day trading on Wednesday, reaching $37.95. 4,860,646 shares of the company’s stock were exchanged. The firm has a market capitalization of $20.35 billion, a P/E ratio of 30.68 and a beta of 1.30. The stock has a 50-day moving average of $33.18 and a 200 day moving average of $36.33. Mylan N.V. has a one year low of $29.39 and a one year high of $45.87.

Mylan N.V. (NASDAQ:MYL) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.08). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3 billion. Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS. On average, analysts forecast that Mylan N.V. will post $4.58 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the business. Bellwether Investment Group LLC grew its stake in shares of Mylan N.V. by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 6,622 shares of the company’s stock valued at $257,000 after purchasing an additional 23 shares during the period. Suntrust Banks Inc. grew its stake in shares of Mylan N.V. by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 9,184 shares of the company’s stock valued at $355,000 after purchasing an additional 60 shares during the period. Cleararc Capital Inc. grew its stake in shares of Mylan N.V. by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 10,394 shares of the company’s stock valued at $405,000 after purchasing an additional 67 shares during the period. Dai Ichi Life Insurance Company Ltd grew its stake in shares of Mylan N.V. by 0.4% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 26,002 shares of the company’s stock valued at $1,009,000 after purchasing an additional 107 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Mylan N.V. by 1.0% during the 1st quarter. Sei Investments Co. now owns 13,870 shares of the company’s stock valued at $541,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 71.97% of the company’s stock.

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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