Trade Report: Today: Mallinckrodt PLC (MNK) to Release Quarterly Earnings on Tuesday

Today: Mallinckrodt PLC (MNK) to Release Quarterly Earnings on Tuesday

Mallinckrodt PLC (NYSE:MNK) will issue its Q416 quarterly earnings data on Tuesday, November 29th. Analysts expect the company to announce earnings of $2.01 per share and revenue of $883.97 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Mallinckrodt PLC (NYSE:MNK) opened at 57.21 on Monday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 10.79 and a beta of 1.62. The company has a 50 day moving average of $61.89 and a 200-day moving average of $66.48. Mallinckrodt PLC has a 12-month low of $50.90 and a 12-month high of $85.83.

Several institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC acquired a new position in Mallinckrodt PLC during the second quarter worth $137,000. Advisor Group Inc. acquired a new position in Mallinckrodt PLC during the second quarter worth $196,000. Thrivent Financial for Lutherans acquired a new position in Mallinckrodt PLC during the second quarter worth $201,000. Laurel Wealth Advisors Inc. boosted 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 in the last quarter. Finally, KCG Holdings Inc. acquired a new position in Mallinckrodt PLC during the third quarter worth $224,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Several research firms have commented on MNK. Mizuho lowered their price objective on Mallinckrodt PLC to $87.00 in a research report on Friday. Deutsche Bank AG restated a “buy” rating and issued a $78.00 price objective on shares of Mallinckrodt PLC in a research report on Monday, November 21st. Leerink Swann restated an “outperform” rating and issued a $92.00 price objective on shares of Mallinckrodt PLC in a research report on Saturday, November 19th. Raymond James Financial Inc. began coverage on Mallinckrodt PLC in a research report on Friday, November 18th. They issued an “outperform” rating and a $72.00 price objective on the stock. Finally, Zacks Investment Research upgraded Mallinckrodt PLC from a “sell” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, November 8th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $89.44.

About Mallinckrodt PLC

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