Teva Pharmaceutical Industries (TEVA) Rating Lowered to Underperform at Wells Fargo & Co

Wells Fargo & Co lowered shares of Teva Pharmaceutical Industries (NYSE:TEVA) from a market perform rating to an underperform rating in a report published on Friday, January 5th, MarketBeat reports. The brokerage currently has $17.00 target price on the stock, down from their prior target price of $19.58.

Several other brokerages have also recently issued reports on TEVA. ValuEngine upgraded shares of Teva Pharmaceutical Industries from a hold rating to a buy rating in a report on Tuesday, December 5th. Evercore ISI set a $38.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a buy rating in a report on Wednesday, October 25th. Cantor Fitzgerald set a $17.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a hold rating in a report on Thursday, October 26th. Morgan Stanley set a $15.00 price target on Teva Pharmaceutical Industries and gave the stock an underweight rating in a research note on Thursday, October 5th. Finally, Mizuho reaffirmed a hold rating and issued a $15.00 price target on shares of Teva Pharmaceutical Industries in a research note on Monday, October 30th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $21.17.

Shares of Teva Pharmaceutical Industries (TEVA) traded up $0.33 on Friday, reaching $22.07. 40,553,199 shares of the company were exchanged, compared to its average volume of 24,050,100. The stock has a market capitalization of $22,190.00, a P/E ratio of -3.76, a P/E/G ratio of 1.58 and a beta of 0.54. 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 has a 1-year low of $10.85 and a 1-year high of $37.94.

Teva Pharmaceutical Industries (NYSE:TEVA) last announced its earnings results on Thursday, November 2nd. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates 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%. research analysts anticipate that Teva Pharmaceutical Industries will post 3.72 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Exane Derivatives bought a new position in shares of Teva Pharmaceutical Industries during the 3rd quarter valued at approximately $571,000. Korea Investment CORP lifted its holdings in Teva Pharmaceutical Industries by 14.3% in the 3rd quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock worth $4,308,000 after purchasing an additional 30,674 shares in the last quarter. Financial Counselors Inc. lifted its holdings in Teva Pharmaceutical Industries by 5.7% in the 2nd quarter. Financial Counselors Inc. now owns 140,599 shares of the company’s stock worth $4,671,000 after purchasing an additional 7,571 shares in the last quarter. Private Capital Management Inc. lifted its holdings in Teva Pharmaceutical Industries by 51.3% in the 3rd quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock worth $459,000 after purchasing an additional 8,850 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. purchased a new position in Teva Pharmaceutical Industries in the 3rd quarter worth approximately $317,000. Institutional investors own 51.96% 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.

Analyst Recommendations for Teva Pharmaceutical Industries (NYSE:TEVA)

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