Todays Report: The Mylan Inc. (MYL) Given a $52.00 Price Target at JPMorgan Chase & Co.

The Mylan Inc. (MYL) Given a $52.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $52.00 price target on Mylan Inc. (NASDAQ:MYL) in a report released on Monday. The firm currently has a a buy rating on the stock.

MYL has been the topic of several other reports. Zacks Investment Research downgraded shares of Mylan from a buy rating to a hold rating in a research note on Friday, August 5th. Evercore ISI reissued a hold rating and set a $49.00 target price on shares of Mylan in a research note on Friday, August 26th. Sanford C. Bernstein set a $60.00 target price on shares of Mylan and gave the company a buy rating in a research note on Friday, September 23rd. Deutsche Bank AG set a $58.00 target price on shares of Mylan and gave the company a buy rating in a research note on Friday, September 23rd. Finally, Argus set a $55.00 target price on shares of Mylan and gave the company a buy rating in a research note on Thursday, September 22nd. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $53.49.

Mylan (NASDAQ:MYL) opened at 37.88 on Monday. Mylan has a 52 week low of $35.58 and a 52 week high of $55.51. The firm has a market cap of $20.26 billion, a PE ratio of 23.97 and a beta of 1.14. The firm’s 50 day moving average price is $40.32 and its 200-day moving average price is $43.98.

Mylan (NASDAQ:MYL) last announced its earnings results on Tuesday, August 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.03. Mylan had a net margin of 8.11% and a return on equity of 23.22%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Mylan will post $4.95 EPS for the current year.

In other Mylan news, CEO Heather M. Bresch sold 100,200 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $50.00, for a total transaction of $5,010,000.00. Following the completion of the sale, the chief executive officer now directly owns 828,318 shares in the company, valued at $41,415,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd boosted its stake in Mylan by 17.0% in the first quarter. AMP Capital Investors Ltd now owns 319,804 shares of the company’s stock worth $14,839,000 after buying an additional 46,416 shares during the period. Nuveen Asset Management LLC boosted its stake in Mylan by 22.5% in the first quarter. Nuveen Asset Management LLC now owns 36,195 shares of the company’s stock valued at $1,678,000 after buying an additional 6,636 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in Mylan during the first quarter valued at $3,440,000. Wellington Management Group LLP boosted its stake in Mylan by 1.2% in the first quarter. Wellington Management Group LLP now owns 45,335,578 shares of the company’s stock valued at $2,101,304,000 after buying an additional 551,453 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Mylan by 6.9% in the first quarter. Geode Capital Management LLC now owns 3,587,542 shares of the company’s stock valued at $165,967,000 after buying an additional 230,755 shares during the last quarter. Institutional investors own 60.20% of the company’s stock.

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