Media coverage about Mallinckrodt PLC (NYSE:MNK) has been trending somewhat positive recently, according to Accern Sentiment. It has been assigned a low target price of $22 and a high target price of $50. The consensus rating is 2.8, suggesting the market has given up on the stock. Mallinckrodt PLC's revenue was down 10.5% on a year-over-year basis. UBS maintained the shares of MNK in report on Wednesday, August 9 with "Buy" rating. Oppenheimer Holdings, Inc. set a $70.00 price objective on Mallinckrodt PLC and gave the stock a "buy" rating in a report on Friday, July 28th. Zacks Investment Research upgraded Mallinckrodt PLC from a "sell" rating to a "hold" rating in a report on Thursday, July 27th. The stock of Mallinckrodt PLC (NYSE:MNK) has "Buy" rating given on Thursday, October 5 by BMO Capital Markets. Finally, Raymond James Financial, Inc. decreased their target price on Mallinckrodt PLC from $65.00 to $58.00 and set an "outperform" rating for the company in a report on Wednesday, August 9th. Out of 5 Wall Street analysts rating Mallinckrodt plc, 5 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold".
Analysts' consensus recommendation is observed at 2.30. The stock of Mallinckrodt PLC (NYSE:MNK) has "Hold" rating given on Monday, October 23 by Mizuho. About shares traded. Mallinckrodt PLC (NYSE:MNK) has declined 30.39% since November 16, 2016 and is downtrending. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.38. The stock volatility for month is 7.05% and for week it is 6.82%.The stock traded 18.16% to its 52 week low and was changed -66.61% from its 52 week high as of last close. Mallinckrodt PLC has a fifty-two week low of $19.00 and a fifty-two week high of $68.12.
For this year, Mallinckrodt Public Limited Company (NYSE:MNK) is performing -54.94%. In the latest earnings report the EPS was $-0.02 with 95.00M shares now outstanding. Mallinckrodt PLC had a net margin of 17.44% and a return on equity of 17.92%.
15 analysts on average are expecting the company to report revenue of $830.23 Million for the current quarter. During the same quarter previous year, the firm earned $2.04 EPS. The most current P/E ratio is N/A and the market cap is 2.13B.
TRADEMARK VIOLATION NOTICE: This news story was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this news story on another domain, it was copied illegally and republished in violation of USA & worldwide copyright and trademark legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/17/canaccord-genuity-analysts-give-mallinckrodt-plc-mnk-a-24-00-price-target.html. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The shares were acquired at an average price of $39.63 per share, for a total transaction of $50,726.40. The disclosure for this purchase can be found here. Jefferies Grp Ltd Com owns 11,657 shares or 0% of their USA portfolio. Gabelli Funds stated it has 0.04% of its portfolio in Mallinckrodt PLC (NYSE:MNK). Ameritas Investment Partners Inc. now owns 29,655 shares of the company's stock valued at $1,218,000 after acquiring an additional 27,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mallinckrodt PLC by 93.5% in the second quarter.
Investors are more bearish on Mallinckrodt Plc Ordinary Share lately if you pay attention to the increase in short interest. Xact Kapitalforvaltning AB raised its holdings in shares of Mallinckrodt PLC by 4.6% in the 2nd quarter. Wellington Management Group LLP bought a new stake in shares of Mallinckrodt PLC in the 1st quarter valued at about $373,000. Cubist Systematic Strategies LLC boosted its position in shares of Mallinckrodt PLC by 748.1% during the 3rd quarter. The value in dollars went from $1,578,000 to $7,429,000 a change of $5,851,000 quarter to quarter. Hedge funds and other institutional investors own 98.83% of the company's stock.
The market experts are predicting a 128.21% rally, based on the high target price ($50) for Mallinckrodt Public Limited Company shares that is likely to be hit in the 52 weeks.
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