Myriad Genetics’ (MYGN) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Myriad Genetics, Inc. (NASDAQ:MYGN) in a research note released on Friday. They currently have a $18.00 price objective on the stock.

Several other research analysts also recently issued reports on MYGN. Piper Jaffray Companies set a $21.00 price objective on Myriad Genetics and gave the stock a hold rating in a report on Sunday, December 25th. Stephens raised Myriad Genetics from an equal weight rating to an overweight rating and set a $20.00 price target on the stock in a research note on Monday, March 13th. Barclays PLC reissued an equal weight rating and issued a $22.00 price target on shares of Myriad Genetics in a research note on Tuesday, December 27th. TheStreet raised Myriad Genetics from a d+ rating to a c rating in a research note on Wednesday, March 1st. Finally, Ladenburg Thalmann Financial Services raised Myriad Genetics from a sell rating to a neutral rating in a research note on Wednesday, February 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $25.92.

Shares of Myriad Genetics (NASDAQ:MYGN) traded up 0.62% on Friday, hitting $19.50. The stock had a trading volume of 80,440 shares. The company has a market capitalization of $1.33 billion, a P/E ratio of 22.03 and a beta of 0.26. The firm has a 50 day moving average price of $18.36 and a 200 day moving average price of $18.30. Myriad Genetics has a one year low of $15.15 and a one year high of $39.74.

Myriad Genetics (NASDAQ:MYGN) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Myriad Genetics had a return on equity of 12.02% and a net margin of 8.08%. The firm had revenue of $196.50 million for the quarter, compared to the consensus estimate of $189.72 million. During the same quarter in the prior year, the business earned $0.45 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that Myriad Genetics will post $0.99 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Myriad Genetics’ (MYGN) Hold Rating Reaffirmed at Jefferies Group LLC” was posted by Mideast Time and is the property of of Mideast Time. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.mideasttime.com/myriad-genetics-mygn-hold-rating-reaffirmed-at-jefferies-group-llc/1589288.html.

In other news, Director John T. Henderson bought 6,000 shares of the stock in a transaction on Thursday, February 23rd. The stock was purchased at an average price of $18.66 per share, for a total transaction of $111,960.00. Following the acquisition, the director now owns 38,524 shares in the company, valued at $718,857.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Camber Capital Management LLC purchased a new position in Myriad Genetics during the fourth quarter worth about $67,680,000. Scopia Capital Management LP purchased a new position in Myriad Genetics during the third quarter worth about $75,316,000. State Street Corp boosted its position in Myriad Genetics by 15.8% in the fourth quarter. State Street Corp now owns 3,589,079 shares of the company’s stock worth $59,836,000 after buying an additional 488,484 shares during the period. Frontier Capital Management Co. LLC boosted its position in Myriad Genetics by 25.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,034,522 shares of the company’s stock worth $50,585,000 after buying an additional 606,897 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Myriad Genetics by 4.8% in the third quarter. BlackRock Fund Advisors now owns 2,790,235 shares of the company’s stock worth $57,423,000 after buying an additional 127,246 shares during the period.

About Myriad Genetics

Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.

5 Day Chart for NASDAQ:MYGN

Receive News & Ratings for Myriad Genetics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Myriad Genetics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.