FY2017 EPS Estimates for Teva Pharmaceutical Industries Ltd (TEVA) Decreased by Analyst

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) – Analysts at Oppenheimer dropped their FY2017 earnings per share estimates for Teva Pharmaceutical Industries in a research note issued to investors on Sunday. Oppenheimer analyst D. Archila now anticipates that the company will post earnings of $3.73 per share for the year, down from their previous estimate of $3.75. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Teva Pharmaceutical Industries’ Q4 2017 earnings at $0.74 EPS.

A number of other analysts also recently weighed in on TEVA. Wells Fargo & Co restated a “sell” rating on shares of Teva Pharmaceutical Industries in a research report on Monday. Vetr upgraded Teva Pharmaceutical Industries from a “hold” rating to a “buy” rating and set a $22.65 target price for the company in a research report on Wednesday, January 17th. Maxim Group restated a “hold” rating on shares of Teva Pharmaceutical Industries in a research report on Monday. Mizuho restated a “hold” rating and issued a $16.00 target price on shares of Teva Pharmaceutical Industries in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Teva Pharmaceutical Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.32.

Shares of Teva Pharmaceutical Industries (NYSE TEVA) opened at $21.02 on Tuesday. The firm has a market capitalization of $21,031.20, a P/E ratio of -3.53, a P/E/G ratio of 1.48 and a beta of 0.54. Teva Pharmaceutical Industries has a 12-month low of $10.85 and a 12-month high of $37.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.66.

Teva Pharmaceutical Industries (NYSE:TEVA) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.08). Teva Pharmaceutical Industries had a negative net margin of 24.35% and a positive return on equity of 15.70%.

Hedge funds have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA bought a new stake in Teva Pharmaceutical Industries in the second quarter valued at approximately $106,000. Bank of Nova Scotia increased its stake in shares of Teva Pharmaceutical Industries by 8.3% during the second quarter. Bank of Nova Scotia now owns 6,903 shares of the company’s stock valued at $229,000 after buying an additional 528 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Teva Pharmaceutical Industries during the third quarter valued at approximately $129,000. Americafirst Capital Management LLC purchased a new position in shares of Teva Pharmaceutical Industries during the second quarter valued at approximately $303,000. Finally, Salem Investment Counselors Inc. increased its stake in shares of Teva Pharmaceutical Industries by 12.8% during the second quarter. Salem Investment Counselors Inc. now owns 9,400 shares of the company’s stock valued at $312,000 after buying an additional 1,068 shares during the period. Hedge funds and other institutional investors own 51.89% 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.

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