Mizuho upgraded shares of Teva Pharmaceutical Industries (NYSE:TEVA) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. Mizuho currently has $23.00 price target on the stock, up from their prior price target of $19.12.
Several other research analysts also recently commented on TEVA. BTIG Research upgraded Teva Pharmaceutical Industries from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a report on Monday, September 11th. Cantor Fitzgerald set a $17.00 price objective on Teva Pharmaceutical Industries and gave the stock a hold rating in a report on Monday, September 11th. Jefferies Group reduced their price objective on Teva Pharmaceutical Industries from $21.00 to $18.50 and set a hold rating on the stock in a report on Tuesday, September 12th. Oppenheimer restated a hold rating on shares of Teva Pharmaceutical Industries in a report on Monday, September 11th. Finally, BidaskClub upgraded Teva Pharmaceutical Industries from a strong sell rating to a sell rating in a report on Wednesday, September 13th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $21.17.
Teva Pharmaceutical Industries (NYSE:TEVA) traded up $0.33 on Tuesday, reaching $22.07. The company’s stock had a trading volume of 40,539,275 shares, compared to its average volume of 25,730,000. The stock has a market cap of $21,730.00, a P/E ratio of -3.76, a P/E/G ratio of 1.55 and a beta of 0.54. Teva Pharmaceutical Industries has a one year low of $10.85 and a one year high of $37.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.66.
A number of hedge funds have recently made changes to their positions in TEVA. Schwab Charles Investment Management Inc. grew its stake in Teva Pharmaceutical Industries by 7.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 241,571 shares of the company’s stock worth $8,025,000 after buying an additional 17,116 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Teva Pharmaceutical Industries by 1.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 42,611 shares of the company’s stock worth $1,416,000 after buying an additional 611 shares during the last quarter. Prudential Financial Inc. grew its stake in Teva Pharmaceutical Industries by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 77,973 shares of the company’s stock worth $2,590,000 after buying an additional 730 shares during the last quarter. Principal Financial Group Inc. grew its stake in Teva Pharmaceutical Industries by 21.1% during the 2nd quarter. Principal Financial Group Inc. now owns 124,174 shares of the company’s stock worth $4,125,000 after buying an additional 21,658 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Teva Pharmaceutical Industries during the 2nd quarter worth $6,560,000. Hedge funds and other 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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