Teva Pharmaceutical Industries (NYSE:TEVA)‘s stock had its “hold” rating reissued by Maxim Group in a report issued on Monday.
A number of other equities analysts also recently commented on the company. Goldman Sachs Group raised their price objective on Teva Pharmaceutical Industries from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Credit Suisse Group restated an “underperform” rating and issued a $8.00 price objective (down from $14.00) on shares of Teva Pharmaceutical Industries in a report on Monday, November 6th. Morgan Stanley upgraded Teva Pharmaceutical Industries from an “underweight” rating to an “equal weight” rating and set a $18.00 price objective on the stock in a report on Friday, December 15th. Royal Bank of Canada set a $11.00 price objective on Teva Pharmaceutical Industries and gave the stock a “sell” rating in a report on Wednesday, November 29th. Finally, Cantor Fitzgerald set a $10.00 price objective on Teva Pharmaceutical Industries and gave the stock a “hold” rating in a report on Thursday, December 14th. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Teva Pharmaceutical Industries currently has an average rating of “Hold” and a consensus price target of $21.32.
Teva Pharmaceutical Industries (NYSE TEVA) traded up $0.32 during trading on Monday, hitting $21.02. The stock had a trading volume of 20,721,080 shares, compared to its average volume of 23,654,961. The stock has a market cap of $20,960.00, a P/E ratio of -3.58, a price-to-earnings-growth ratio of 1.48 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. Teva Pharmaceutical Industries has a 52 week low of $10.85 and a 52 week high of $37.94.
Hedge funds have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA purchased a new stake in Teva Pharmaceutical Industries during the 2nd quarter worth approximately $106,000. Penserra Capital Management LLC purchased a new stake in Teva Pharmaceutical Industries during the 3rd quarter worth approximately $129,000. Fieldpoint Private Securities LLC purchased a new stake in Teva Pharmaceutical Industries during the 3rd quarter worth approximately $171,000. Chevy Chase Trust Holdings Inc. increased its holdings in Teva Pharmaceutical Industries by 81.5% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 12,239 shares of the company’s stock worth $215,000 after purchasing an additional 5,497 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in Teva Pharmaceutical Industries by 8.3% during the 2nd quarter. Bank of Nova Scotia now owns 6,903 shares of the company’s stock worth $229,000 after purchasing an additional 528 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.
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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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