Teva Pharmaceutical Industries (NYSE:TEVA) Hits New 1-Year Low After Analyst Downgrade
Teva Pharmaceutical Industries Ltd (NYSE:TEVA)’s share price hit a new 52-week low during mid-day trading on Wednesday after Cantor Fitzgerald lowered their price target on the stock from $16.00 to $9.00. Cantor Fitzgerald currently has a neutral rating on the stock. Teva Pharmaceutical Industries traded as low as $8.25 and last traded at $8.47, with a volume of 13081936 shares traded. The stock had previously closed at $9.08.
A number of other equities analysts have also recently issued reports on TEVA. Wells Fargo & Co reissued a “hold” rating and issued a $20.00 target price (down previously from $24.00) on shares of Teva Pharmaceutical Industries in a report on Thursday, February 14th. They noted that the move was a valuation call. Maxim Group reissued a “hold” rating on shares of Teva Pharmaceutical Industries in a report on Thursday, February 14th. Raymond James raised shares of Teva Pharmaceutical Industries from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Thursday, February 14th. Credit Suisse Group cut their target price on shares of Teva Pharmaceutical Industries from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 14th. Finally, Mizuho cut shares of Teva Pharmaceutical Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $18.00 in a report on Wednesday, February 20th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $17.05.
In other Teva Pharmaceutical Industries news, VP Notaristefani Carlo De sold 16,070 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.42, for a total value of $183,519.40. Following the sale, the vice president now owns 49,659 shares in the company, valued at $567,105.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sol J. Barer purchased 111,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $8.98 per share, for a total transaction of $996,780.00. Following the purchase, the director now directly owns 115,942 shares of the company’s stock, valued at approximately $1,041,159.16. The disclosure for this purchase can be found here. Insiders sold 18,860 shares of company stock worth $226,854 in the last 90 days. 0.49% of the stock is owned by company insiders.
The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 1.66. The company has a market cap of $8.86 billion, a P/E ratio of 3.08, a P/E/G ratio of 1.09 and a beta of 1.64.
Teva Pharmaceutical Industries (NYSE:TEVA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. Teva Pharmaceutical Industries had a negative net margin of 18.66% and a positive return on equity of 16.84%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. Research analysts expect that Teva Pharmaceutical Industries Ltd will post 2.26 earnings per share for the current fiscal year.
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Teva Pharmaceutical Industries Company Profile (NYSE:TEVA)
Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, manufactures, markets, and distributes generic medicines and a portfolio of specialty medicines worldwide. It operates through two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances in various dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments, and creams.
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