Teva Pharmaceutical Industries (TEVA) Rating Increased to Neutral at Credit Suisse Group
Teva Pharmaceutical Industries (NYSE:TEVA) was upgraded by stock analysts at Credit Suisse Group from an “underperform” rating to a “neutral” rating in a note issued to investors on Friday. The brokerage presently has a $20.00 target price on the stock, up from their prior target price of $8.00. Credit Suisse Group’s price target points to a potential upside of 7.47% from the company’s current price.
A number of other equities analysts have also recently issued reports on TEVA. Guggenheim began coverage on shares of Teva Pharmaceutical Industries in a report on Tuesday, December 12th. They issued a “neutral” rating and a $16.00 target price on the stock. Piper Jaffray Companies set a $16.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a report on Thursday. BTIG Research raised their target price on shares of Teva Pharmaceutical Industries to $20.00 in a report on Friday. Cantor Fitzgerald set a $10.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a report on Thursday. Finally, Oppenheimer reissued a “hold” rating on shares of Teva Pharmaceutical Industries in a report on Thursday. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Teva Pharmaceutical Industries currently has an average rating of “Hold” and a consensus price target of $20.65.
Teva Pharmaceutical Industries (NYSE TEVA) opened at $18.61 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 1.20. Teva Pharmaceutical Industries has a twelve month low of $10.85 and a twelve month high of $38.31. The stock has a market cap of $17,576.80, a PE ratio of 4.00 and a beta of 0.55.
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About Teva Pharmaceutical Industries
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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