BTIG Research Raises Teva Pharmaceutical Industries (TEVA) Price Target to $20.00

Teva Pharmaceutical Industries (NYSE:TEVA) had its target price increased by equities research analysts at BTIG Research to $20.00 in a report released on Friday. BTIG Research’s price objective would suggest a potential upside of 15.61% from the stock’s current price.

Other analysts also recently issued reports about the stock. BidaskClub raised shares of Teva Pharmaceutical Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Cantor Fitzgerald set a $10.00 price target on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a research note on Thursday. Oppenheimer reaffirmed a “hold” rating on shares of Teva Pharmaceutical Industries in a research note on Thursday. Piper Jaffray Companies set a $16.00 price target on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Teva Pharmaceutical Industries in a research note on Thursday. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.49.

Shares of Teva Pharmaceutical Industries (NYSE:TEVA) opened at $17.30 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.66 and a current ratio of 0.96. Teva Pharmaceutical Industries has a one year low of $10.85 and a one year high of $38.31. The stock has a market cap of $15,951.20, a price-to-earnings ratio of 3.63 and a beta of 0.55.

Large investors have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA bought a new stake in Teva Pharmaceutical Industries during the second quarter valued at about $106,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Teva Pharmaceutical Industries by 2.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,711 shares of the company’s stock valued at $123,000 after acquiring an additional 94 shares during the period. Shelter Mutual Insurance Co bought a new stake in Teva Pharmaceutical Industries during the second quarter valued at about $133,000. Fayez Sarofim & Co. bought a new stake in Teva Pharmaceutical Industries during the second quarter valued at about $204,000. Finally, Community Bank & Trust Waco Texas bought a new stake in Teva Pharmaceutical Industries during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.

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Teva Pharmaceutical Industries Company Profile

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.