UBS set a $20.00 target price on Teva Pharmaceutical Industries (NYSE:TEVA) in a research report sent to investors on Monday morning, thefly.com reports. The firm currently has a hold rating on the stock.

Several other analysts also recently weighed in on the company. Royal Bank of Canada set a $13.00 price target on Teva Pharmaceutical Industries and gave the stock a sell rating in a research note on Friday, December 15th. Deutsche Bank set a $20.00 price target on Teva Pharmaceutical Industries and gave the stock a hold rating in a research note on Friday, December 15th. Credit Suisse Group upgraded Teva Pharmaceutical Industries from an underperform rating to a neutral rating and upped their price target for the stock from $8.00 to $20.00 in a research note on Friday, December 15th. Morgan Stanley upgraded Teva Pharmaceutical Industries from an underweight rating to an equal weight rating and set a $18.00 price target on the stock in a research note on Friday, December 15th. Finally, BTIG Research upped their price target on Teva Pharmaceutical Industries to $20.00 in a research note on Friday, December 15th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $20.68.

Shares of Teva Pharmaceutical Industries (NYSE:TEVA) opened at $17.45 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.66. The firm has a market capitalization of $18,186.40, a P/E ratio of 4.13 and a beta of 0.55. Teva Pharmaceutical Industries has a 52 week low of $10.85 and a 52 week high of $38.31.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were issued a dividend of $0.085 per share. The ex-dividend date was Monday, November 27th. This represents a $0.34 annualized dividend and a dividend yield of 1.95%. Teva Pharmaceutical Industries’s payout ratio is -12.10%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEVA. Exane Derivatives bought a new position in Teva Pharmaceutical Industries in the 3rd quarter worth $571,000. Korea Investment CORP raised its holdings in Teva Pharmaceutical Industries by 14.3% in the 3rd quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock worth $4,308,000 after purchasing an additional 30,674 shares during the period. Financial Counselors Inc. raised its holdings in Teva Pharmaceutical Industries by 5.7% in the 2nd quarter. Financial Counselors Inc. now owns 140,599 shares of the company’s stock worth $4,671,000 after purchasing an additional 7,571 shares during the period. Private Capital Management Inc. raised its holdings in Teva Pharmaceutical Industries by 51.3% in the 3rd quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock worth $459,000 after purchasing an additional 8,850 shares during the period. Finally, Lockheed Martin Investment Management Co. bought a new position in Teva Pharmaceutical Industries in the 3rd quarter worth $317,000. 51.98% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Teva Pharmaceutical Industries (NYSE:TEVA)

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