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

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

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Myriad Genetics from a hold rating to a sell rating in a research note on Tuesday, October 25th. Deutsche Bank AG reissued a sell rating and set a $15.00 target price on shares of Myriad Genetics in a research note on Wednesday, January 18th. Stephens lowered shares of Myriad Genetics from an overweight rating to an equal weight rating in a research note on Wednesday, November 2nd. TheStreet lowered shares of Myriad Genetics from a hold rating to a sell rating in a research note on Tuesday, November 1st. Finally, Ladenburg Thalmann Financial Services raised shares of Myriad Genetics from a sell rating to a neutral rating in a research note on Wednesday, February 8th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Myriad Genetics presently has an average rating of Hold and an average price target of $27.64.

Analyst Recommendations for Myriad Genetics (NASDAQ:MYGN)

Shares of Myriad Genetics (NASDAQ:MYGN) opened at 15.99 on Wednesday. Myriad Genetics has a 1-year low of $15.15 and a 1-year high of $39.74. The firm’s 50-day moving average is $16.35 and its 200-day moving average is $19.53. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.07 and a beta of 0.26.

Myriad Genetics (NASDAQ:MYGN) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Myriad Genetics had a net margin of 8.08% and a return on equity of 12.02%. The business had revenue of $196.50 million for the quarter, compared to analysts’ expectations of $189.72 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that Myriad Genetics will post $1.01 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in MYGN. Bank of Montreal Can purchased a new stake in Myriad Genetics during the second quarter valued at approximately $3,484,000. Strs Ohio increased its position in Myriad Genetics by 9.2% in the second quarter. Strs Ohio now owns 40,200 shares of the company’s stock valued at $1,230,000 after buying an additional 3,400 shares during the period. Nordea Investment Management AB bought a new position in Myriad Genetics during the second quarter valued at about $607,000. BB&T Corp increased its position in Myriad Genetics by 3.8% in the second quarter. BB&T Corp now owns 131,297 shares of the company’s stock valued at $4,018,000 after buying an additional 4,853 shares during the period. Finally, Airain ltd increased its position in Myriad Genetics by 173.7% in the second quarter. Airain ltd now owns 102,590 shares of the company’s stock valued at $3,139,000 after buying an additional 65,105 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

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