Teva Pharmaceutical Industries (TEVA) Reaches New 12-Month Low at $14.57
Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) hit a new 52-week low on Tuesday . The company traded as low as $14.57 and last traded at $14.58, with a volume of 565085 shares. The stock had previously closed at $15.04.
TEVA has been the subject of a number of analyst reports. UBS Group raised Teva Pharmaceutical Industries from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 23rd. Bank of America raised Teva Pharmaceutical Industries from an “underperform” rating to a “buy” rating and set a $16.12 price target for the company in a research report on Thursday, January 3rd. Raymond James raised Teva Pharmaceutical Industries from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Thursday, February 14th. Piper Jaffray Companies raised Teva Pharmaceutical Industries from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $15.00 to $16.00 in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research cut Teva Pharmaceutical Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, January 21st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.05.
The company has a debt-to-equity ratio of 1.69, a current ratio of 0.96 and a quick ratio of 0.63. The company has a market capitalization of $14.80 billion, a P/E ratio of 5.11, a PEG ratio of 2.78 and a beta of 1.33.
In related news, VP Richard Daniell sold 2,098 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $35,414.24. Following the transaction, the vice president now directly owns 2,098 shares in the company, valued at $35,414.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah A. Griffin sold 4,107 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $16.88, for a total value of $69,326.16. Following the transaction, the insider now owns 2,941 shares in the company, valued at $49,644.08. The disclosure for this sale can be found here. Insiders sold 16,691 shares of company stock worth $283,458 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in Teva Pharmaceutical Industries by 44.0% during the fourth quarter. FMR LLC now owns 35,248,665 shares of the company’s stock valued at $543,534,000 after acquiring an additional 10,766,729 shares during the period. Brahman Capital Corp. increased its stake in Teva Pharmaceutical Industries by 67.3% during the fourth quarter. Brahman Capital Corp. now owns 12,248,106 shares of the company’s stock valued at $188,866,000 after acquiring an additional 4,925,245 shares during the period. Polaris Capital Management LLC increased its stake in Teva Pharmaceutical Industries by 4.4% during the fourth quarter. Polaris Capital Management LLC now owns 10,342,980 shares of the company’s stock valued at $159,489,000 after acquiring an additional 431,942 shares during the period. Norges Bank bought a new position in Teva Pharmaceutical Industries during the fourth quarter valued at about $146,130,000. Finally, Northern Trust Corp increased its stake in Teva Pharmaceutical Industries by 2.7% during the fourth quarter. Northern Trust Corp now owns 6,687,764 shares of the company’s stock valued at $103,125,000 after acquiring an additional 175,173 shares during the period. Hedge funds and other institutional investors own 67.26% of the company’s stock.
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About Teva Pharmaceutical Industries (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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