Analyst Buzz: Teva Pharmaceutical Industries Limited (TEVA)

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Teva Names Kåre Schultz as CEO, After 7-month Search
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13 September, 2017

Piper Jaffray maintained it with "Hold" rating and $2800 target in Friday, July 14 report.

Teva Pharmaceutical Industries, the world's biggest seller of generic drugs, ended its long search for a new chief on Monday by appointing Kare Schultz, a almost 30-year pharma industry veteran, as the company's new chief executive. The firm has "Neutral" rating by Citigroup given on Wednesday, August 16.

According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 3 brokers "outperform", 19 brokers "hold", 3 brokers "underperform" and 0 brokers "sell". The company has a consensus rating of Hold and an average target price of $32.65. Sharkey Howes & Javer boosted its position in Teva Pharmaceutical Industries Limited by 21.7% in the second quarter. "As a result of his leadership, the company is on track to achieve all-time high revenue and earnings", Teva said in its statement, also noting that he has over 30 years' experience in the health care industry, notably in generic drugs, which is Teva's main earner.

Shares of company were isolated negatively of 50 days simple moving average with -1.24% while 200 days simple moving average with 15.39%.

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. The value of the company's investment in Teva Pharmaceutical Industries decreased from $11,751,000 to $9,479,000 a change of $2,272,000 since the last quarter. The current share price indicates that stock is -4.02% away from its one year high and is moving 133.77% ahead of its 52-week low.

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Teva Pharmaceutical Industries Limited (TEVA) stock was most active stock of Wall Street Market on Monday. The rating was downgraded by Guggenheim to "Neutral" on Thursday, December 1. The company reported $0.99 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by ($0.07). The Israeli drugmaker has had its stock price and business prospects battered over the previous year as the generic pricing environment worsens and other threats continue to unfold. Analysts anticipate that Teva Pharmaceutical Industries Limited will post $4.32 EPS for the current year.

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"Schultz will be Teva's fourth CEO over the last six years, and we think Teva must stabilize its executive ranks to execute on its turnaround strategy and lower its high debt level, now at $34 billion", said analyst Jeffrey Loo, with CFRA Research, in a client note.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. The ex-dividend date of this dividend is Friday, August 25th. During the same quarter past year, the firm posted $1.25 earnings per share. We have $19.65 PT which if reached, will make NYSE:TEVA worth $568.20 million more. Kistler Tiffany Companies LLC now owns 3,673 shares of the company's stock valued at $122,000 after acquiring an additional 1,571 shares during the period. 75 funds opened positions while 211 raised stakes. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since September 12, 2016 and is uptrending. Regardless of which metric you utilize, a firm understanding of the concept of volatility and how it is measured is essential to successful investing. Parkside Bancorporation And has invested 0.02% in MFA Financial, Inc. 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.


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