Stock Traders Purchase High Volume of Teva Pharmaceutical Industries Ltd Call Options (TEVA)
Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) saw some unusual options trading on Monday. Investors bought 54,686 call options on the stock, Analyst Ratings.Net reports. This represents an increase of approximately 996% compared to the typical daily volume of 4,990 call options.
A number of analysts have recently weighed in on TEVA shares. Analysts at Maxim Group initiated coverage on shares of Teva Pharmaceutical Industries Ltd in a research note on Tuesday, August 5th. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Teva Pharmaceutical Industries Ltd in a research note on Monday, August 4th. They now have a $57.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Teva Pharmaceutical Industries Ltd from $55.70 to $58.00 in a research note on Friday, August 1st. They now have a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $58.39.
Shares of Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) traded up 1.32% on Monday, hitting $52.39. The stock had a trading volume of 3,497,331 shares. Teva Pharmaceutical Industries Ltd has a one year low of $36.26 and a one year high of $55.70. The stock’s 50-day moving average is $53.44 and its 200-day moving average is $50.67. The company has a market cap of $44.725 billion and a P/E ratio of 17.03.
Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.02. The company had revenue of $5.00 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the company posted $1.20 earnings per share. Teva Pharmaceutical Industries Ltd’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Teva Pharmaceutical Industries Ltd will post $4.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.353 per share. This represents a $1.41 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 19th.
Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA) is an Israel-based pharmaceutical and drug company.
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