BidaskClub Lowers Mallinckrodt PLC (MNK) to Sell

Paterniano Del Favero
Agosto 11, 2017

Deutsche Bank AG set a $68.00 target price on Mallinckrodt PLC and gave the company a "buy" rating in a research report on Wednesday, May 31st. Oppenheimer Holdings, Inc. set a $70.00 target price on Mallinckrodt PLC and gave the company a buy rating in a research report on Tuesday.

Among 20 analysts covering Mallinckrodt (NYSE:MNK), 17 have Buy rating, 0 Sell and 3 Hold. Piper Jaffray Companies set a $85.00 target price on Mallinckrodt PLC and gave the company a buy rating in a research report on Monday.

While looking at the Stock's Performance, Mallinckrodt Public Limited Company now shows a Weekly Performance of -13.43%, where Monthly Performance is -12.38%, Quarterly performance is -16.44%, 6 Months performance is -23.67% and yearly performance percentage is -52.83%.

Some buy side analysts are also providing their Analysis on Mallinckrodt Public Limited Company, where 7 analysts have rated the stock as Strong buy, 7 analysts have given a Buy signal, 1 said it's a HOLD.

Mallinckrodt PLC (NYSE:MNK) received a $87.00 price objective from equities researchers at Canaccord Genuity in a research report issued to clients and investors on Tuesday.

Mizuho reiterated their buy rating on shares of Mallinckrodt PLC (NYSE:MNK) in a report released on Wednesday morning. The firm owned 88,780 shares of the company's stock after selling 3,304 shares during the period. The stock's average target of $94 is 152.69% above today's ($37.2) share price. The Market Capitalization of the company stands at 3.8 Billion. Mallinckrodt PLC has a 52-week low of $36.88 and a 52-week high of $85.83. The value of the investment in Mallinckrodt plc Ordinary Share went from $6,809,000 to $7,470,000 a change of $661,000 since the last quarter. Mallinckrodt PLC had a net margin of 12.64% and a return on equity of 15.28%. The business had revenue of $824.50 million for the quarter, compared to the consensus estimate of $829.56 million. During the same quarter in the prior year, the company posted $2.03 EPS. Mallinckrodt PLC's quarterly revenue was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Mallinckrodt PLC will post $7.54 earnings per share for the current fiscal year. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark legislation.

COPYRIGHT VIOLATION NOTICE: "Tudor Investment Corp ET AL Sells 10,322 Shares of Mallinckrodt PLC (NYSE:MNK)" was originally posted by Markets Daily and is owned by of Markets Daily. Also, VP Hugh M. O'neill bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 8th. The 50 day moving average was down by -16.1074% and the 200 day average was down $-8.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other news, VP Coleman N. Lannum III acquired 1,350 shares of the stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $46.20 per share, with a total value of $90,921.60. The disclosure for this purchase can be found here. Insiders have acquired 5,818 shares of company stock worth $248,608 over the last three months. Hedge funds and other institutional investors own 95.71% of the company's stock. Acadian Asset Management LLC boosted its position in Mallinckrodt PLC by 48.9% in the first quarter. Following the acquisition, the vice president now directly owns 30,955 shares of the company's stock, valued at approximately $1,327,659.95. Alliancebernstein L.P. increased its position in Mallinckrodt PLC by 1,455.5% in the first quarter. Janney Montgomery Scott LLC now owns 22,320 shares of the company's stock valued at $995,000 after buying an additional 6,657 shares during the period. Ameriprise Financial Inc. increased its stake in Mallinckrodt PLC by 117.3% in the second quarter. The company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.12. ProShare Advisors LLC raised its stake in Mallinckrodt PLC by 3.9% in the first quarter. Bank of America Corp DE now owns 746,838 shares of the company's stock valued at $33,288,000 after buying an additional 645,718 shares during the last quarter.

Mallinckrodt public limited company develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Firm focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.

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