Teva Pharmaceutical Industries Limited (TEVA)

Rumours circulated last month that Teva was lining up Astra Zeneca boss Pascal Soriot to take over as chief executive

At recent closing price of $23.75, TEVA has a chance to add $13.16 or 55.41% in 52 weeks, based on mean target price ($36.91) placed by analysts.The analyst consensus opinion of 2.5 looks like a hold. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Overweight" rating given on Tuesday, May 3 by Morgan Stanley. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since August 4, 2016 and is downtrending. BTIG Research restated a neutral rating on shares of Teva Pharmaceutical Industries in a research note on Thursday, April 6th.

Among 27 analysts covering Teva Pharma (NYSE:TEVA), 7 have Buy rating, 1 Sell and 19 Hold. Teva Pharmaceutical Industries Limited presently has an average rating of "Hold" and an average target price of $42.23. Wells Fargo downgraded the shares of TEVA in report on Monday, January 9 to "Market Perform" rating. In this case, shares are down -98.2% from $6.49, the 52-week high touched on August 04, 2016, but are collecting gains at -97.05% for the past 12 months. The firm has a 50-day moving average price of $32.05 and a 200 day moving average price of $32.28. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) earned "Hold" rating by Jefferies on Thursday, June 22. The company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The value of the investment in Teva Pharmaceutical Industries went from $1,615,000 to $1,830,000 a change of 13.3% since the last quarter.

Teva reported a GAAP loss of $6 billion ($5.94 per share) and a non-GAAP net profit of $1.02 per share on $5.7 billion in revenue.

Maruoka wrote, "For the quarter, we forecast a top line of $2.20 billion and adjusted EBITDA of $929.0 million; this compares to consensus revenue and adjusted EBITDA estimates of $2.23 billion and $910.7 million, respectively". If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and global copyright laws. Teva Pharmaceutical Industries Limited also was the target of unusually large options trading on Thursday.

Several hedge funds and other institutional investors have recently modified their holdings of the company.

The counter witnessed a trading volume of 15.84 million shares versus an average volume of 8.5 million shares during last trading session. Sii Investments Inc. WI raised its stake in Teva Pharmaceutical Industries Limited by 0.4% in the first quarter. They are projecting Next Quarter growth of -3.8%. Cribstone Capital Management LLC now owns 3,141 shares of the company's stock worth $101,000 after buying an additional 100 shares during the period. It projects that earnings per share will be somewhere between $4.30 and $4.50 per share for the full year, down from its previous outlook of $4.90 to $5.30 per share. ST Germain D J Co. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the stock. Investors measure stock performance on the basis of a company's earnings power.

Teva Pharmaceutical Industries Limited is a pharmaceutical company. R&D expenses for specialist medicines increased from $235 million in the second quarter of 2016 to $250 million in the second quarter of this year, a 6% increase, mainly due to development expenses for products in the advanced development stages for treatment of fremanezumab and fasinumab. The Company operates through two segments: Generic medicines and Specialty medicines.

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