Mallinckrodt PLC (NYSE:MNK) has earned an average recommendation of “Buy” from the nineteen ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $91.52.
Several equities analysts have recently weighed in on MNK shares. Zacks Investment Research cut shares of Mallinckrodt PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $83.00 target price on shares of Mallinckrodt PLC in a research note on Friday, August 26th. Vetr raised shares of Mallinckrodt PLC from a “hold” rating to a “buy” rating and set a $88.80 target price for the company in a research note on Monday, August 22nd. Barclays PLC reissued an “overweight” rating and issued a $88.00 target price on shares of Mallinckrodt PLC in a research note on Thursday, August 25th. Finally, Leerink Swann reissued an “outperform” rating and issued a $92.00 target price (up from $91.00) on shares of Mallinckrodt PLC in a research note on Friday, September 16th.
Shares of Mallinckrodt PLC (NYSE:MNK) opened at 66.91 on Tuesday. The firm has a 50-day moving average of $72.83 and a 200 day moving average of $66.72. Mallinckrodt PLC has a one year low of $50.90 and a one year high of $85.83. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 12.62 and a beta of 1.53.
Mallinckrodt PLC (NYSE:MNK) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.20. The company earned $970.60 million during the quarter, compared to analysts’ expectations of $920.35 million. Mallinckrodt PLC had a net margin of 16.39% and a return on equity of 17.78%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. Equities research analysts anticipate that Mallinckrodt PLC will post $7.63 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MNK. Mizuho Asset Management Co. Ltd. increased its position in Mallinckrodt PLC by 125.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,771 shares of the company’s stock worth $108,000 after buying an additional 984 shares during the period. Rational Advisors LLC bought a new position in Mallinckrodt PLC during the second quarter worth approximately $137,000. Advisor Group Inc. bought a new position in Mallinckrodt PLC during the second quarter worth approximately $196,000. Thrivent Financial for Lutherans bought a new position in Mallinckrodt PLC during the second quarter worth approximately $201,000. Finally, Laurel Wealth Advisors Inc. increased its position in Mallinckrodt PLC by 0.5% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,427 shares of the company’s stock worth $208,000 after buying an additional 16 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.