Mallinckrodt PLC (MNK) Receives Consensus Recommendation of "Buy" from Analysts

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24 August, 2017

Pictet North America Advisors Sa who had been investing in Hawaiian Elec Industries for a number of months, seems to be bullish on the $3.61 billion market cap company. It has ranged in price between $35.82-$36.49 after having started the session at $36.33 as compared to the previous trading day's close of $36.39. About 2.05 million shares traded. It is down 0.00% since August 22, 2016 and is.

Meyer Handelman Co increased Mallinckrodt Pub Ltd Co (MNK) stake by 11.9% reported in 2016Q4 SEC filing.

As of the last earnings report the EPS was $-4.63 and is projected to be $7.46 for the current year with 97,178,000 shares outstanding.

Mallinckrodt Public Limited Company (MNK)'s mean Altman Z-Score: 0.54 during the last 7 years. The stock increased 0.24% or $0.09 during the last trading session, reaching $37.21.

Shares of Mallinckrodt Public Limited Company (NYSE:MNK) have been on a recent steady downtrend, causing some worry for shareholders. It has underperformed by 47.09% the S&P500.

More notable recent Mallinckrodt PLC (NYSE:MNK) news were published by: Seekingalpha.com which released: "The Clock Is Ticking On Mallinckrodt" on August 04, 2017, also Seekingalpha.com with their article: "Mallinckrodt's Demise Will Not Be Orderly" published on August 11, 2017, Prnewswire.com published: "Mallinckrodt To Acquire InfaCare Pharmaceutical Corporation And Stannsoporfin ..." on August 04, 2017. The stock of Mallinckrodt PLC (NYSE:MNK) has "Outperform" rating given on Friday, November 18 by Raymond James. Following the completion of the purchase, the vice president now directly owns 30,955 shares in the company, valued at approximately $1,327,659.95. IFP Advisors Inc now owns 2,518 shares of the company's stock valued at $112,000 after buying an additional 1,925 shares in the last quarter. Therefore 85% are positive. The company now has a consensus rating of "Buy" and an average target price of $71.25. Finally, Deutsche Bank AG set a $56.00 price objective on Mallinckrodt PLC and gave the company a "buy" rating in a research report on Wednesday, August 9th. The rating was maintained by Mizuho on Wednesday, November 30 with "Buy". Piper Jaffray maintained the stock with "Buy" rating in Friday, July 14 report. Barclays Capital maintained the stock with "Overweight" rating in Wednesday, August 5 report. The company was maintained on Wednesday, October 7 by Leerink Swann. Jefferies Group LLC reissued a "buy" rating and set a $70.00 price target on shares of Mallinckrodt PLC in a report on Thursday, August 3rd. The rating was initiated by Canaccord Genuity on Wednesday, February 22 with "Buy".

Sentry Investment Management LLC bolstered its investment by buying 817 shares an increase of 1.6%. Its up 0.29, from 0.83 in 2016Q3. It improved, as 62 investors sold Mallinckrodt PLC shares while 130 reduced holdings. 161 funds opened positions while 382 raised stakes. The Gendell Jeffrey L holds 280,100 shares with $16.65 million value, down from 512,500 last quarter. Mallinckrodt Pub Ltd Co now has $3.51B valuation. Ledyard Financial Bank invested in 94,342 shares. Moreover, Monetta Financial has 2.2% invested in Citigroup Inc (NYSE:C) for 60,000 shares. Bank & Trust Of Hawaii invested in 4,085 shares. Td Asset owns 173,204 shares. BidaskClub downgraded Mallinckrodt PLC from a "hold" rating to a "sell" rating in a research report on Tuesday, August 8th.

Integre Asset Management Llc increased Mallinckrodt Plc (MNK) stake by 43.88% reported in 2016Q4 SEC filing. Marshall Wace North America L.P. bought a new position in Mallinckrodt PLC during the second quarter worth about $975,000. Consonance Cap Lp, a New York-based fund reported 1.15M shares. Mizuho initiated Mallinckrodt PLC (NYSE:MNK) on Friday, October 9 with "Neutral" rating. Carroll Fincl Associate accumulated 0% or 206 shares. Retirement Systems of Alabama increased its stake in Mallinckrodt PLC by 20.9% in the first quarter.

Since January 1, 0001, it had 10 insider buys, and 0 sales for $656,712 activity. Trudeau Mark also bought $40,174 worth of Mallinckrodt PLC (NYSE:MNK) on Friday, June 9.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 18.81% from 105,800 shares previously. Oakbrook Invests Llc reported 0.69% stake. $233,011 worth of Procter & Gamble Co (NYSE:PG) shares were sold by Bishop Steven D. Alliancebernstein Limited Partnership reported 0% in Hawaiian Electric Industries, Inc. The count of Hold ratings in that period was 0. (NYSE:HE) for 6,244 shares. The Return on Equity (ROE) and Return on Investment (ROI) values are 0 percent and -0.8 percent respectively. Marshall Wace Llp owns 24,450 shares. Bartlett Ltd has invested 0.01% in Hawaiian Electric Industries, Inc. Banque Pictet And Cie has 0.07% invested in Hawaiian Electric Industries, Inc. More interesting news about Procter & Gamble Co (NYSE:PG) were released by: Fool.com and their article: "Procter & Gamble Co.'s Rebound Gains Steam" published on July 29, 2017 as well as Fool.com's news article titled: "Procter & Gamble Co.'s Shaving Business Shrinks - Again" with publication date: August 22, 2017. Goldman Sachs Group Inc holds 0.01% or 1.02M shares in its portfolio. Gradient Invests Ltd Liability Com owns 472 shares.


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