Teva Pharmaceutical Industries Limited (TEVA) Given a $17.00 Price Target at Cantor Fitzgerald
Several other analysts also recently weighed in on TEVA. BidaskClub upgraded Teva Pharmaceutical Industries Limited from a hold rating to a buy rating in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. set a $41.00 price target on Teva Pharmaceutical Industries Limited and gave the stock a buy rating in a research note on Tuesday, June 27th. Royal Bank Of Canada set a $38.00 price target on Teva Pharmaceutical Industries Limited and gave the stock a buy rating in a research note on Friday, June 16th. Mizuho raised Teva Pharmaceutical Industries Limited from a neutral rating to a buy rating and increased their price target for the company from $25.00 to $30.00 in a report on Thursday, June 15th. Finally, Vetr downgraded Teva Pharmaceutical Industries Limited from a strong-buy rating to a buy rating and set a $32.04 price target for the company. in a report on Monday, June 5th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $30.91.
Shares of Teva Pharmaceutical Industries Limited (TEVA) opened at 18.47 on Monday. Teva Pharmaceutical Industries Limited has a 52-week low of $15.22 and a 52-week high of $46.09. The stock’s market capitalization is $18.77 billion. The stock’s 50 day moving average is $17.00 and its 200 day moving average is $27.16.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) last announced its earnings results on Thursday, August 3rd. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.07). The company had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Teva Pharmaceutical Industries Limited had a negative net margin of 25.18% and a positive return on equity of 15.96%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. Equities research analysts expect that Teva Pharmaceutical Industries Limited will post $4.31 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 29th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $0.34 dividend on an annualized basis and a yield of 1.84%. Teva Pharmaceutical Industries Limited’s dividend payout ratio (DPR) is presently -15.36%.
Several institutional investors and hedge funds have recently modified their holdings of TEVA. Perpetual Ltd bought a new stake in shares of Teva Pharmaceutical Industries Limited during the second quarter valued at about $2,865,000. WFG Advisors LP lifted its holdings in Teva Pharmaceutical Industries Limited by 2,650.1% in the second quarter. WFG Advisors LP now owns 29,784 shares of the company’s stock worth $989,000 after purchasing an additional 28,701 shares during the period. Oak Associates Ltd. OH lifted its holdings in Teva Pharmaceutical Industries Limited by 0.6% in the second quarter. Oak Associates Ltd. OH now owns 379,924 shares of the company’s stock worth $12,621,000 after purchasing an additional 2,114 shares during the period. Cetera Investment Advisers acquired a new stake in Teva Pharmaceutical Industries Limited in the second quarter worth about $373,000. Finally, Sterneck Capital Management LLC lifted its holdings in Teva Pharmaceutical Industries Limited by 5.4% in the second quarter. Sterneck Capital Management LLC now owns 131,907 shares of the company’s stock worth $4,382,000 after purchasing an additional 6,702 shares during the period. 56.77% of the stock is currently owned by institutional investors.
Teva Pharmaceutical Industries Limited Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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