Teva Pharmaceutical Industries (NYSE:TEVA) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $24.00 price target on the stock. Citigroup’s price target would suggest a potential upside of 24.87% from the company’s current price.
TEVA has been the subject of a number of other research reports. BTIG Research increased their price objective on Teva Pharmaceutical Industries to $20.00 in a research note on Friday, December 15th. Gabelli reissued a “buy” rating on shares of Teva Pharmaceutical Industries in a research note on Wednesday, September 13th. ValuEngine raised Teva Pharmaceutical Industries from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Evercore ISI set a $38.00 price objective on Teva Pharmaceutical Industries and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group raised Teva Pharmaceutical Industries from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, December 15th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $21.16.
Shares of Teva Pharmaceutical Industries (NYSE:TEVA) opened at $19.22 on Thursday. The stock has a market capitalization of $19,030.00, a P/E ratio of -3.27 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 52 week low of $10.85 and a 52 week high of $38.15.
Several institutional investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new position in shares of Teva Pharmaceutical Industries during the third quarter valued at approximately $171,000. Arthur Zaske & Associates LLC bought a new position in Teva Pharmaceutical Industries in the third quarter worth $372,000. Sterling Capital Management LLC bought a new position in Teva Pharmaceutical Industries in the third quarter worth $263,000. Point72 Asset Management L.P. bought a new position in Teva Pharmaceutical Industries in the third quarter worth $2,200,000. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in Teva Pharmaceutical Industries by 81.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 12,239 shares of the company’s stock worth $215,000 after purchasing an additional 5,497 shares in the last quarter. Institutional investors own 51.98% of the company’s stock.
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Teva Pharmaceutical Industries Company 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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