Teva Pharmaceutical Industries (TEVA) - BTIG Research Upgrades Rating Lowers Price Target

13 September, 2017, 00:09 | Author: Cecelia Webb
  • Teva Pharmaceutical on the Street Analysts’ Recommendations in September

08/22/2017 - Teva Pharmaceutical Industries Limited had its "neutral" rating reiterated by analysts at Mizuho. His proven strategic, financial and operational capabilities and his strong commitment to growth will enhance value for all stakeholders and position Teva for long-term success. TEVA has a float of 909.68 million shares and traded 6.13 times the normal daily trading volume on Monday. The firm's revenue for the quarter was up 12.9% compared to the same quarter previous year.

Minneapolis Portfolio Management Group Llc increased Teva Pharmaceuticals Inds Ltd (TEVA) stake by 16.11% reported in 2016Q4 SEC filing. The Tt International holds 190,243 shares with $6.90 million value, down from 938,594 last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Teva Pharmaceutical Industries Limited by 139.0% in the third quarter. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by $0.07. Cantor Fitzgerald reissued a "neutral" rating and set a $27.00 price target (down from $31.00) on shares of Teva Pharmaceutical Industries Limited in a research note on Wednesday, August 9th.

The company is now up by 4.2368%% since yesterday's close of 18.5. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 12, 2016 and is downtrending. About 339,224 shares traded. Morgan Stanley lowered the price target and downgraded the stock on August 7 changing the price target from $42.00 to $16.00 and moving the rating from "Equal-Weight" to "Underweight".

08/04/2017 - Teva Pharmaceutical Industries Limited had its "buy" rating reiterated by analysts at Deutsche Bank. Teva Pharmaceutical Industries Limited had a positive return on equity of 15.96% and a negative net margin of 25.18%.

However, the analyst further underlines the pressure that Schulz will face from generics and debt, noting: "Shultz will be entering the company at a turbulent time, given: (1) continued pricing pressure in USA generics; (2) TEVA's meaningful debt and inability to de-lever in a timely manner; and (3) high likelihood of Copaxone 40mg generics in 2018".

The appointment comes after seven months without a permanent CEO after Erez Vigodman stood down in February by "mutual agreement" with Teva's board, setting Teva the task of finding its fourth CEO in six years.

He will be taking over from Teva's current interim CEO, Dr. Yitzhak Peterburg, once his family officially relocates to Israel.




The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Metropolitan Life Ins New York holds 0.02% or 192,378 shares. This represents a $0.34 dividend on an annualized basis and a yield of 2.19%.

Several research analysts have weighed in on the stock. Minneapolis Portfolio Management Group Llc acquired 82,765 shares as Teva Pharmaceuticals Inds Ltd (TEVA)'s stock declined 15.11%.

Among 20 analysts covering PPG Industries (NYSE:PPG), 12 have Buy rating, 0 Sell and 8 Hold.

Teva Pharmaceutical Industries Limited (TEVA) failed to surprise the stock market in its last reported earnings when it earned $1.02 a piece versus the consensus-estimated $1.06. SELL rating has been given by 0 analyst (s) and 4 analyst (s) given BUY rating to the stock.

Teva Pharmaceutical Industries Limited (TEVA)'s RSI (Relative Strength Index) is 48.04. Moreover, Archila quotes Teva's own press release that the company is getting ready to divest non-core assets in an attempt to bring in a badly needed $2 billion.

"Kare has deep insight into the global pharmaceutical industry and a keen knowledge of the generic and specialty drug markets", Barer said in a statement.

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