Mylan (MYL) Shares Gap Down to $31.74

Mylan NV (NASDAQ:MYL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $32.44, but opened at $31.74. Mylan shares last traded at $31.25, with a volume of 5019329 shares changing hands.

Several equities research analysts have recently weighed in on the stock. Mizuho reaffirmed a “neutral” rating on shares of Mylan in a report on Thursday, January 31st. Zacks Investment Research lowered shares of Mylan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 23rd. UBS Group lowered shares of Mylan from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $32.00 in a report on Wednesday, January 23rd. ValuEngine lowered shares of Mylan from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $41.00 target price on shares of Mylan in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.86.

The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $16.37 billion, a P/E ratio of 6.85, a PEG ratio of 1.05 and a beta of 1.63.

A number of large investors have recently modified their holdings of MYL. Kinneret Advisory LLC bought a new position in shares of Mylan in the 4th quarter valued at about $71,000. First Hawaiian Bank boosted its stake in shares of Mylan by 560.4% in the 4th quarter. First Hawaiian Bank now owns 2,886 shares of the company’s stock valued at $79,000 after purchasing an additional 2,449 shares during the last quarter. NuWave Investment Management LLC boosted its stake in shares of Mylan by 18.1% in the 4th quarter. NuWave Investment Management LLC now owns 3,136 shares of the company’s stock valued at $86,000 after purchasing an additional 480 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Mylan by 42.8% in the 4th quarter. FNY Investment Advisers LLC now owns 3,300 shares of the company’s stock valued at $90,000 after purchasing an additional 989 shares during the last quarter. Finally, Fort L.P. bought a new position in shares of Mylan in the 4th quarter valued at about $92,000. 83.16% of the stock is currently owned by hedge funds and other institutional investors.

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Mylan Company Profile (NASDAQ:MYL)

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter (OTC) products worldwide. The company operates through three segments: North America, Europe, and Rest of World. It offers pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, nebulized, and cream or ointment forms.

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