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Main » Mylan's (MYL) "Sector Perform" Rating Reiterated at Royal Bank of Canada

Mylan's (MYL) "Sector Perform" Rating Reiterated at Royal Bank of Canada

19 May 2017

Mylan comprises approximately 2.7% of Grisanti Capital Management LLC's holdings, making the stock its 17th largest position.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Mylan N.V. the EPS stands at 0.93 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.92, suggesting the stock exceeded the analysts' expectations. Russell Investments Group Ltd. boosted its stake in shares of Mylan by 116.6% in the first quarter. Suffolk Capital Management LLC now owns 314,179 shares of the company's stock worth $11,977,000 after buying an additional 34,842 shares during the period. CNA Financial Corp acquired a new position in Mylan during the first quarter worth approximately $1,260,000. Finally, Endurant Capital Management LP increased its position in Mylan by 37.6% in the first quarter. Mosaic Family Wealth LLC now owns 3,600 shares of the company's stock valued at $137,000 after buying an additional 400 shares during the last quarter. The fund purchased 162,440 shares of the company's stock, valued at approximately $6,334,000.

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Mylan (NASDAQ:MYL) traded down 1.29% on Thursday, reaching $38.15. Stock exchanged hands with the total volume of 4.54 Million shares, as contrast to its average volume of 5.18 Million shares. Mylan has a 12 month low of $33.60 and a 12 month high of $50.40. Mylan N.V.is now trading 2.23% above its 20-day and -2.84% versus the 200-day simple moving averages while -2.21% compared with its 50-day simple moving average. The stock has 5 year expected PEG ratio of 4.37 whereas its trailing twelve month P/E ratio is 38.5. According to the past 5 years report, the company on average reported -18.00% year-over-year EPS growth and sales growth was recorded at 9.50%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.81 billion. The share price of MYL has increased by over 0.55% in the last six months. On average, analysts anticipate that Mylan will post $5.17 earnings per share for the current year.

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A number of analysts have commented on the company. Mizuho reissued a "buy" rating and set a $53.00 price objective on shares of Mylan in a report on Thursday, March 30th. Zacks Investment Research lowered shares of Mylan from a "hold" rating to a "sell" rating in a research note on Monday. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Finally, Guggenheim restated a "neutral" rating on shares of Mylan in a report on Friday, March 3rd. The company presently has a consensus rating of Buy and an average price target of $51.58.

In other Mylan news, major shareholder Laboratories Abbott sold 44,000,000 shares of the 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.

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Currently Mylan Nv Ord Shs (NASDAQ:MYL)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 71.4%.