Teva Pharmaceutical Industries (TEVA) Stock Rating Upgraded by Credit Suisse Group

Teva Pharmaceutical Industries (NYSE:TEVA) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Sunday. The firm currently has a $23.00 price target on the stock. Credit Suisse Group’s target price points to a potential upside of 20.73% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Leerink Swann dropped their price target on shares of Teva Pharmaceutical Industries from $17.00 to $16.00 and set an “underperform” rating for the company in a research note on Friday. BTIG Research downgraded shares of Teva Pharmaceutical Industries from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a research note on Friday, February 2nd. Oppenheimer restated a “hold” rating on shares of Teva Pharmaceutical Industries in a research note on Thursday. Piper Jaffray Companies downgraded shares of Teva Pharmaceutical Industries from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a research note on Friday. Finally, Cantor Fitzgerald set a $18.00 price target on shares of Teva Pharmaceutical Industries and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Ten research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. Teva Pharmaceutical Industries has an average rating of “Hold” and a consensus price target of $21.26.

Teva Pharmaceutical Industries (NYSE TEVA) traded up $0.44 during trading hours on Friday, hitting $19.05. 1,649,645 shares of the company’s stock traded hands, compared to its average volume of 19,657,637. The firm has a market capitalization of $19,860.00, a P/E ratio of -1.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.59. 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 fifty-two week low of $10.85 and a fifty-two week high of $37.94.

Teva Pharmaceutical Industries (NYSE:TEVA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.29 billion. Teva Pharmaceutical Industries had a negative net margin of 72.66% and a positive return on equity of 14.52%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.38 earnings per share. research analysts expect that Teva Pharmaceutical Industries will post 2.73 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TEVA. Calton & Associates Inc. purchased a new stake in Teva Pharmaceutical Industries in the fourth quarter valued at $108,000. Penserra Capital Management LLC purchased a new stake in Teva Pharmaceutical Industries in the third quarter valued at $129,000. Fieldpoint Private Securities LLC purchased a new stake in Teva Pharmaceutical Industries in the third quarter valued at $171,000. Global Financial Private Capital LLC purchased a new stake in Teva Pharmaceutical Industries in the fourth quarter valued at $193,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Teva Pharmaceutical Industries in the fourth quarter valued at $197,000. 51.93% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Teva Pharmaceutical Industries (NYSE:TEVA)

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