Trading Report: Today, Mallinckrodt PLC (MNK) Rating Reiterate by BMO Capital Markets

Today, Mallinckrodt PLC (MNK) Rating Reiterate by BMO Capital Markets

Mallinckrodt PLC (NYSE:MNK)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Tuesday.

MNK has been the subject of several other reports. Raymond James Financial Inc. began coverage on Mallinckrodt PLC in a research report on Friday, November 18th. They set an “outperform” rating and a $72.00 price objective for the company. Barclays PLC boosted their price objective on Mallinckrodt PLC from $75.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $85.00 price objective on Mallinckrodt PLC and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Morgan Stanley reiterated a “buy” rating and set a $82.00 price objective on shares of Mallinckrodt PLC in a research report on Wednesday, September 21st. Finally, Jefferies Group reiterated a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Mallinckrodt PLC in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Mallinckrodt PLC currently has a consensus rating of “Buy” and an average price target of $89.44.

Mallinckrodt PLC (NYSE:MNK) traded down 7.621% during midday trading on Tuesday, hitting $53.275. The company had a trading volume of 2,884,549 shares. The stock has a 50 day moving average of $61.54 and a 200 day moving average of $66.60. Mallinckrodt PLC has a 52-week low of $50.90 and a 52-week high of $85.83. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 10.046 and a beta of 1.62.

Mallinckrodt PLC (NYSE:MNK) last issued its earnings results on Tuesday, November 29th. The company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.03. Mallinckrodt PLC had a return on equity of 17.78% and a net margin of 16.39%. The company earned $887.20 million during the quarter, compared to the consensus estimate of $880.10 million. During the same period in the previous year, the firm posted $1.84 earnings per share. Mallinckrodt PLC’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts anticipate that Mallinckrodt PLC will post $7.66 EPS for the current year.

Several institutional investors have recently bought and sold shares of MNK. Credit Suisse AG boosted its position in Mallinckrodt PLC by 18.0% in the third quarter. Credit Suisse AG now owns 231,138 shares of the company’s stock valued at $16,128,000 after buying an additional 35,186 shares in the last quarter. Phocas Financial Corp. boosted its position in Mallinckrodt PLC by 7.0% in the third quarter. Phocas Financial Corp. now owns 65,006 shares of the company’s stock valued at $4,536,000 after buying an additional 4,279 shares in the last quarter. Chartwell Investment Partners LLC bought a new position in Mallinckrodt PLC during the third quarter valued at approximately $31,922,000. Xact Kapitalforvaltning AB bought a new position in Mallinckrodt PLC during the third quarter valued at approximately $492,000. Finally, Panagora Asset Management Inc. boosted its position in Mallinckrodt PLC by 608.2% in the third quarter. Panagora Asset Management Inc. now owns 160,789 shares of the company’s stock valued at $11,220,000 after buying an additional 138,084 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Mallinckrodt PLC Company Profile

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