Published: Wed, September 13, 2017
Research | By Francis Brooks

Brokers Issue New Targets On Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Brokers Issue New Targets On Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Volumes were heavy, with 71.38 million shares changing hands versus the prior 30-day average for 27.56 million shares traded per day. Finally, Alliancebernstein L.P. raised its stake in Teva Pharmaceutical Industries Limited by 32.3% in the second quarter. The company's past year sales total was 5.56 Million.

Highlander Capital Management Llc increased Teva Pharmaceutical (TEVA) stake by 164.46% reported in 2016Q4 SEC filing. For the quarter, shares have been noted at -39.22%. (NASDAQ:LSTR). Hutchin Hill Capital Ltd Partnership invested 0.02% in Landstar System, Inc. Focused Wealth Mngmt Incorporated invested in 0.01% or 1,673 shares. Oppenheimer Holdings, Inc. restated a "buy" rating on shares of Teva Pharmaceutical Industries Limited in a report on Wednesday, May 31st.

The company is trading up by 19.35%% since yesterday's close of 15.5. About shares traded. Credicorp Ltd. (USA) (NYSE:BAP) has risen 23.51% since September 12, 2016 and is uptrending. $43.76's average target is 136.54% above currents $18.5 stock price. Analysts predict that Teva Pharmaceutical Industries Limited will post $4.32 EPS for the current year.

Teva Pharmaceutical Industries Ltd., (NYSE and TASE: TEVA) has presented new data evaluating fremanezumab, an investigational treatment for the prevention of migraine, at the 18th Congress of the International Headache Society (IHC) in Vancouver, Canada.

If Teva Pharmaceutical Industries (TEVA) last earnings report did anything, it confirmed that the company really needed to finally get around to hiring a new CEO.

As of the latest earnings report the EPS was $-6.11 and is expected to be $4.32 for the current year with 1,016,000,000 shares now outstanding.

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Teva Pharmaceutical Industries Limited had its "neutral" rating reiterated by analysts at Cantor Fitzgerald. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.26 billion. Analysts expect next quarter's EPS to be $1.18 and the next full year EPS is projected to be $4.01. Its last month's stock price volatility remained 4.63% which for the week stands at 3.91%.

08/16/2017 - Teva Pharmaceutical Industries Limited was downgraded to "neutral" by analysts at Citigroup.

Shares in Lundbeck went into steep decline on news of the defection, with Schultz's departure coming at the same time as the resignation of chief commercial officer Staffan Schüberg, although the company insisted that is a coincidence.

Several research analysts have weighed in on the stock. Jefferies Group LLC restated a "hold" rating and set a $36.00 target price on shares of Teva Pharmaceutical Industries Limited in a research report on Monday, January 9th. Avondale downgraded it to "Market Perform" rating and $65 target in Wednesday, June 15 report. Analysts at BTIG Research have upgraded the stock rating to a respectable Buy. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Teva Pharmaceutical Industries Limited by 7.8% in the first quarter. Teva's board had set out to find a candidate with prior experience at the helm of a drug maker as its fourth CEO in less than six years as the company's woes mounted. Longer term, however, Schultz's familiarity in branded drug markets could cause the firm to take on more product development risk, with purchases of earlier-stage products and more dramatic asset sales.

One key initial decision for Schultz, who will be paid a base salary of $2 million a year plus various bonuses and stock options and is getting a $20 million signing-on fee, will be to decide whether to maintain Teva as both a generics and specialty drugmaker, split it in two or get out of low-margin, high competition generics.

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