Teva Pharmaceutical Industries (NYSE:TEVA) PT Set at $20.00 by UBS Group

UBS Group set a $20.00 price target on Teva Pharmaceutical Industries (NYSE:TEVA) in a research report released on Monday, December 18th, thefly.com reports. The brokerage currently has a hold rating on the stock.

A number of other research firms have also recently issued reports on TEVA. BidaskClub upgraded shares of Teva Pharmaceutical Industries from a strong sell rating to a sell rating in a research note on Wednesday, September 13th. Gabelli reiterated a buy rating on shares of Teva Pharmaceutical Industries in a research note on Wednesday, September 13th. Maxim Group reiterated a hold rating and issued a $15.50 target price on shares of Teva Pharmaceutical Industries in a research note on Thursday, September 14th. BTIG Research reiterated a buy rating and issued a $24.00 target price on shares of Teva Pharmaceutical Industries in a research note on Wednesday, October 4th. Finally, Barclays set a $21.00 target price on shares of Teva Pharmaceutical Industries and gave the company an equal weight rating in a research note on Wednesday, October 4th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.61.

Teva Pharmaceutical Industries (NYSE TEVA) traded up $1.70 during midday trading on Monday, reaching $21.74. The company’s stock had a trading volume of 35,268,433 shares, compared to its average volume of 25,430,000. Teva Pharmaceutical Industries has a 12 month low of $10.85 and a 12 month high of $37.94. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $21,500.00, a P/E ratio of -3.70, a price-to-earnings-growth ratio of 1.36 and a beta of 0.54.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, November 27th. Teva Pharmaceutical Industries’s dividend payout ratio is presently -12.27%.

Hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in shares of Teva Pharmaceutical Industries in the 2nd quarter valued at $106,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Teva Pharmaceutical Industries by 2.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,711 shares of the company’s stock valued at $123,000 after buying an additional 94 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Teva Pharmaceutical Industries in the 3rd quarter valued at $129,000. Shelter Mutual Insurance Co acquired a new position in shares of Teva Pharmaceutical Industries in the 2nd quarter valued at $133,000. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of Teva Pharmaceutical Industries in the 3rd quarter valued at $171,000. 51.98% of the stock is owned by institutional investors.

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About Teva Pharmaceutical Industries

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.

Analyst Recommendations for Teva Pharmaceutical Industries (NYSE:TEVA)

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