Zeke Capital Advisors LLC acquired a new position in Teva Pharmaceutical Industries Ltd (NYSE:TEVA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,638 shares of the company’s stock, valued at approximately $258,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TEVA. Calton & Associates Inc. purchased a new stake in Teva Pharmaceutical Industries in the 4th quarter worth approximately $108,000. Fieldpoint Private Securities LLC purchased a new position in shares of Teva Pharmaceutical Industries in the 3rd quarter valued at approximately $171,000. Global Financial Private Capital LLC purchased a new position in shares of Teva Pharmaceutical Industries in the 4th quarter valued at approximately $193,000. Wetherby Asset Management Inc. purchased a new position in shares of Teva Pharmaceutical Industries in the 4th quarter valued at approximately $197,000. Finally, Sigma Planning Corp purchased a new position in shares of Teva Pharmaceutical Industries in the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 58.19% of the company’s stock.
TEVA has been the subject of a number of research analyst reports. ValuEngine upgraded Teva Pharmaceutical Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group initiated coverage on Teva Pharmaceutical Industries in a research note on Tuesday. They issued a “hold” rating and a $19.00 target price for the company. Wells Fargo restated a “hold” rating on shares of Teva Pharmaceutical Industries in a research note on Saturday, November 25th. Zacks Investment Research cut Teva Pharmaceutical Industries from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Finally, Credit Suisse Group upgraded Teva Pharmaceutical Industries from an “underperform” rating to a “neutral” rating and raised their target price for the company from $8.00 to $20.00 in a research note on Friday, December 15th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.69.
TEVA stock traded down $0.23 during trading on Wednesday, hitting $17.68. The company’s stock had a trading volume of 14,399,867 shares, compared to its average volume of 16,915,479. The company has a market cap of $18,212.27, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of 1.56 and a beta of 0.65. Teva Pharmaceutical Industries Ltd has a twelve month low of $10.85 and a twelve month high of $33.82. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 1.91.
Teva Pharmaceutical Industries (NYSE:TEVA) last posted its earnings results on Thursday, February 8th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. The business had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.29 billion. Teva Pharmaceutical Industries had a positive return on equity of 16.43% and a negative net margin of 72.66%. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. research analysts expect that Teva Pharmaceutical Industries Ltd will post 2.3 earnings per share for the current fiscal year.
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Teva Pharmaceutical Industries 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.
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