Mylan (MYL) Given a $53.00 Price Target by JPMorgan Chase & Co. Analysts

Mylan (NASDAQ:MYL) has been given a $53.00 price target by JPMorgan Chase & Co. in a report issued on Friday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 25.77% from the stock’s current price.

MYL has been the subject of a number of other research reports. BidaskClub downgraded shares of Mylan from a “strong-buy” rating to a “buy” rating in a report on Friday, January 26th. Susquehanna Bancshares reissued a “positive” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Mylan in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Mylan from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Guggenheim initiated coverage on shares of Mylan in a research note on Tuesday, December 12th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, Wells Fargo & Co set a $43.00 price objective on shares of Mylan and gave the stock a “hold” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Mylan currently has a consensus rating of “Buy” and a consensus price target of $44.89.

Mylan (MYL) opened at $42.14 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.46 and a quick ratio of 0.95. Mylan has a 1-year low of $29.39 and a 1-year high of $47.82. The company has a market cap of $22,610.00, a PE ratio of 25.39, a P/E/G ratio of 1.14 and a beta of 1.35.

In other news, CEO Heather M. Bresch sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.00, for a total transaction of $3,375,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.69% of the company’s stock.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in shares of Mylan by 76.9% during the third quarter. Meeder Asset Management Inc. now owns 3,393 shares of the company’s stock worth $106,000 after acquiring an additional 1,475 shares during the period. BT Investment Management Ltd purchased a new position in shares of Mylan during the third quarter worth approximately $142,000. Rational Advisors LLC purchased a new position in shares of Mylan during the fourth quarter worth approximately $190,000. First Personal Financial Services increased its holdings in Mylan by 77.1% during the fourth quarter. First Personal Financial Services now owns 4,839 shares of the company’s stock valued at $205,000 after buying an additional 2,106 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in Mylan during the fourth quarter valued at approximately $209,000. 75.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Mylan (NASDAQ:MYL)

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