Credit Suisse Group Reaffirms Underperform Rating for Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Teva Pharmaceutical Industries Limited (NYSE:TEVA)‘s stock had its “underperform” rating reiterated by analysts at Credit Suisse Group in a research note issued to investors on Monday, November 6th. They currently have a $8.00 price objective on the stock, down from their prior price objective of $14.00. Credit Suisse Group’s price objective would suggest a potential downside of 41.61% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Teva Pharmaceutical Industries from $8.00 to $13.00 and gave the stock an “underperform” rating in a research report on Sunday, November 5th. Piper Jaffray Companies restated a “hold” rating and set a $12.00 target price on shares of Teva Pharmaceutical Industries in a research report on Friday, November 3rd. Morgan Stanley lowered their target price on shares of Teva Pharmaceutical Industries from $14.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, November 3rd. Deutsche Bank AG lowered shares of Teva Pharmaceutical Industries from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Friday, November 3rd. Finally, Wells Fargo & Company lowered shares of Teva Pharmaceutical Industries to a “market perform” rating and lowered their price objective for the company from $17.00 to $11.36 in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Teva Pharmaceutical Industries presently has a consensus rating of “Hold” and an average target price of $21.88.

Teva Pharmaceutical Industries (NYSE:TEVA) traded up $0.23 during mid-day trading on Monday, reaching $13.70. 15,940,000 shares of the company’s stock were exchanged, compared to its average volume of 26,860,000. 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 12 month low of $10.85 and a 12 month high of $38.49. The firm has a market capitalization of $14,670.00, a PE ratio of 3.11 and a beta of 0.52.

A number of hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC acquired a new position in Teva Pharmaceutical Industries in the 3rd quarter valued at about $171,000. Arthur Zaske & Associates LLC acquired a new position in Teva Pharmaceutical Industries in the 3rd quarter valued at about $372,000. Sterling Capital Management LLC acquired a new position in Teva Pharmaceutical Industries in the 3rd quarter valued at about $263,000. Point72 Asset Management L.P. acquired a new position in Teva Pharmaceutical Industries in the 3rd quarter valued at about $2,200,000. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Teva Pharmaceutical Industries by 81.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 12,239 shares of the company’s stock valued at $215,000 after purchasing an additional 5,497 shares during the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Teva Pharmaceutical Industries (NYSE:TEVA)

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