Published: Fri, May 19, 2017
Business | By Max Garcia

Mylan (MYL) Price Target Cut to $36.00


Advisors Asset Management Inc. now owns 62,990 shares of the company's stock worth $2,401,000 after buying an additional 13,050 shares during the period.

Several large investors have recently added to or reduced their stakes in the stock. Wellington Shields Capital Management LLC bought a new stake in Mylan during the third quarter worth $936,000. Bank of Nova Scotia increased its position in Mylan by 1.9% in the first quarter. Mosaic Family Wealth LLC raised its stake in shares of Mylan by 12.5% in the third quarter. Tyers Asset Management LLC boosted its stake in shares of Mylan by 11.7% in the first quarter. Quantbot Technologies LP now owns 112,676 shares of the company's stock worth $4,295,000 after buying an additional 79,855 shares during the period. Institutional investors own 60.89% of the company's stock.

Now the shares of Mylan N.V. (MYL) has a trading volume of 4.54 Million shares, with an average trading volume of 7150 shares - with shares dropping to a 52 week low of $33.60, and the company's shares hitting a 52 week high of $ 50.40. 3,814,742 shares of the stock traded hands. Mylan has a 1-year low of $33.60 and a 1-year high of $50.40. The stock has a market cap of $20.79 billion, a P/E ratio of 38.85 and a beta of 1.14.

Mylan N.V. (NASDAQ:MYL), maintained return on investment for the last twelve months at 2.20, higher than what Reuters data shows regarding industry's average. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.01. The average analysts gave this company a mean recommendation of 2.20. Mylan's revenue was up 24.1% on a year-over-year basis. During the same period a year ago, the company earned $0.76 earnings per share.

A look at some of the inputs to technical analysis model shows how Mylan N.V. current price compares to its recent moving averages.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/19/bank-of-the-west-has-2-83-million-stake-in-mylan-myl-updated-updated-updated.html. Now Callon Petroleum Company $18.48 target price is just $6.52 shy of the official lowest sell-side analyst price target on Wall Street. Royal Bank of Canada set a $48.00 price objective on Mylan and gave the company a "hold" rating in a report on Thursday, March 2nd. Vetr downgraded Mylan from a "buy" rating to a "sell" rating and set a $43.36 price target for the company.in a research report on Wednesday, March 1st. Zacks Investment Research raised Mylan from a sell rating to a hold rating in a research report on Monday, February 27th. The stock of Mylan N.V. (NASDAQ:MYL) has "Buy" rating given on Wednesday, October 26 by Mizuho. The stock of Mylan N.V. (NASDAQ:MYL) has "Neutral" rating given on Thursday, January 5 by Citigroup. The company presently has an average rating of "Buy" and a consensus price target of $51.58.

In related news, major shareholder Laboratories Abbott sold 44,000,000 shares of the firm's stock in a transaction that occurred on Thursday, March 23rd. Its book value per share for the most recent quarter is $21.81 while its price to book ratio for the same period is 1.77, as for as the company's cash per share for the most recent quarter is $1.59, however its price to cash per share ratio for the same period is 24.31. The sale was disclosed in a document filed with the SEC, which is available through this link. The stock has been upbeat for quite some time as is up 0.82% for the last 20 trading days, and now the firm's performance is turning out to be bullish with a 1.07% gain for the week.

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