Teva Pharmaceutical Industries Ltd (NYSE:TEVA) gapped down before the market opened on Thursday . The stock had previously closed at $9.99, but opened at $9.70. Teva Pharmaceutical Industries shares last traded at $8.84, with a volume of 42208030 shares traded.
A number of equities research analysts have recently weighed in on TEVA shares. ValuEngine downgraded shares of Teva Pharmaceutical Industries from a “sell” rating to a “strong sell” rating in a research report on Monday, March 25th. Zacks Investment Research upgraded shares of Teva Pharmaceutical Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. SunTrust Banks started coverage on shares of Teva Pharmaceutical Industries in a research report on Tuesday, March 19th. They issued a “hold” rating and a $17.00 price target for the company. Maxim Group reiterated a “hold” rating on shares of Teva Pharmaceutical Industries in a research report on Thursday, February 14th. Finally, Credit Suisse Group dropped their price target on shares of Teva Pharmaceutical Industries from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, February 14th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.21.
The stock has a market cap of $9.68 billion, a P/E ratio of 3.16, a P/E/G ratio of 1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.62 and a current ratio of 0.96.
In other Teva Pharmaceutical Industries news, VP Notaristefani Carlo De sold 16,070 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.42, for a total transaction of $183,519.40. Following the sale, the vice president now owns 49,659 shares of the company’s stock, valued at $567,105.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Deborah A. Griffin sold 4,107 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $16.88, for a total transaction of $69,326.16. Following the sale, the insider now directly owns 2,941 shares in the company, valued at approximately $49,644.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,349 shares of company stock valued at $384,241. Company insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kore Private Wealth LLC bought a new stake in shares of Teva Pharmaceutical Industries during the first quarter worth $29,000. Bruderman Asset Management LLC grew its stake in shares of Teva Pharmaceutical Industries by 2,175.0% during the fourth quarter. Bruderman Asset Management LLC now owns 2,366 shares of the company’s stock worth $36,000 after buying an additional 2,262 shares during the last quarter. Coastal Investment Advisors Inc. bought a new stake in shares of Teva Pharmaceutical Industries during the first quarter worth $37,000. Lindbrook Capital LLC grew its stake in shares of Teva Pharmaceutical Industries by 61.2% during the first quarter. Lindbrook Capital LLC now owns 2,489 shares of the company’s stock worth $39,000 after buying an additional 945 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Teva Pharmaceutical Industries during the first quarter worth $40,000. 65.12% of the stock is currently owned by hedge funds and other institutional investors.
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Teva Pharmaceutical Industries Company Profile (NYSE:TEVA)
Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, manufactures, markets, and distributes generic medicines and a portfolio of specialty medicines worldwide. It operates through two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances in various dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments, and creams.
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