Compared to others, Mallinckrodt Public Limited Company (MNK) is in a different league with regards to profitability, having net margins of 65.2%. To put some perspective around this, the industry’s average net margin is 5.44%. When looking at valuations, Mallinckrodt Public Limited Company has a cheap P/E of 1.68x as compared to industry average of 29.45x. Moreover, it trades for 2.88 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.27x price/book and 0.68x price/sales. MNK’s ROE is 26.4%, which is also considerably better than the industry’s ROE of 15.85%. It’s also very liquid in the near term, with a current ratio of 2.2. The stock has a debt/capital of 0.94.
MNK’s 50 day simple moving average (SMA 50) price is $27.3 and its 200-day simple moving average (SMA 200) price is $22.39. The company’s stock currently has a total float of 81.53M shares. Its weekly volatility is hovering around 4.79% and felt 6.55% volatility in price over a month. On the upside, the share price will test short term resistance at around $22.66. On a downside, the stock is likely to find some support, which begins at $20.87. The failure to get near-term support could push it to $20.21.
Separately, it has been reported that multiple insider activity took place at Mallinckrodt Public Limited Company (MNK). President and CEO Trudeau Mark acquired 3,000 shares for $269,961 in transaction occurred on 2018/05/16. After making this transaction, the President and CEO owns a direct stake of 46,620 shares, worth $5,812,260, as per the last closing price. On 2018/05/09 Flynn James E, at MNK, dumped 312,928 shares at an average price of $13.39 per share. The selling total is valued at $179,000,000.
Director, Youngblood Dr Kneeland had invested in 4,560 shares for $19,789 through a trade on 2017/11/28. Following this activity, the insider holds 100,046 shares worth $426,057 as of recent close. Wall Street’s most bullish Mallinckrodt Public Limited Company (NYSE:MNK) analysts are predicting the share price to blow past $42 per share during the next 12 months. The current median share price forecast by them is $30, suggesting that the stock could increase 39.34% in that time frame. The average price target of $31.38 calls for a nearly 45.75% increase in the stock price.
It had seen a positive analyst call from Canaccord Genuity, which upgraded the stock from Hold to Buy on November 19. Analysts at Goldman, shed their positive views on September 11 by lowering it fromNeutral to Sell. Brokerage firm B. Riley FBR, looks cautious as they stick to prior recommendation of Neutral, in a call on August 24. However, they did change the target price from $20 to $37. Stifel, reiterated their call for Hold, on August 08. On the other hand, they had set new target price to $30 versus $18.
Mallinckrodt Public Limited Company (NYSE:MNK) reached $1.79B by 06-December-18 in the wake of -6.96% downturn. The shares gained some momentum after bears carried it down to $21.34. The final price for the day of 21.53 was still down from $23.13. The stock remained range bound between $21.34 and $23.13. Trading activity significantly improved as the volume at ready counter increased to 3,526,836 shares versus 2,608,775 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,129,021 shares. The stock is now 84.81% above against its bear-market low of $11.65 on May 04, 2018. It has retreated -70.23% since it’s 52-week high of $36.65 reached in August. Now the market price is down -0.92% on the year and down -4.57% YTD.
Shares of Mallinckrodt Public Limited Company (MNK) have dropped -14.8% since the company’s last earnings report. Over the past 12 fiscal quarters, Mallinckrodt Public Limited Company (NYSE:MNK) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. MNK last reported earnings on November 06, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $2.1 per share, -87.85% change on the same period last year. That was better than consensus for $1.79. Revenue for the recent quarter stood at $640 million, down -19% on last year and above the $635.89 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $571 million to $667.74 million, which should be compared with $787.56 million generated last year. EPS is seen in a range of $1.82 to $2.08, against the $1.81 reported a year ago.