Teva Pharmaceutical Industries (NYSE:TEVA) Hits New 12-Month Low at $8.25
Teva Pharmaceutical Industries Ltd (NYSE:TEVA)’s share price hit a new 52-week low on Wednesday . The company traded as low as $8.25 and last traded at $8.47, with a volume of 13081936 shares traded. The stock had previously closed at $9.08.
TEVA has been the topic of a number of research reports. Citigroup lowered their target price on Teva Pharmaceutical Industries from $27.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. UBS Group initiated coverage on Teva Pharmaceutical Industries in a research report on Thursday, March 7th. They set a “buy” rating and a $22.00 target price on the stock. Morgan Stanley lowered Teva Pharmaceutical Industries from an “overweight” rating to an “equal weight” rating and set a $17.00 target price on the stock. in a research report on Wednesday, March 6th. Zacks Investment Research raised Teva Pharmaceutical Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, SunTrust Banks initiated coverage on Teva Pharmaceutical Industries in a research report on Tuesday, March 19th. They set a “hold” rating and a $17.00 target price on the stock. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.81.
The firm has a market capitalization of $9.42 billion, a PE ratio of 3.06, a price-to-earnings-growth ratio of 1.12 and a beta of 1.65. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 1.66.
In other Teva Pharmaceutical Industries news, VP Notaristefani Carlo De sold 16,070 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.42, for a total value of $183,519.40. Following the completion of the transaction, the vice president now owns 49,659 shares in the company, valued at approximately $567,105.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sol J. Barer acquired 111,000 shares of Teva Pharmaceutical Industries stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of $8.98 per share, with a total value of $996,780.00. Following the purchase, the director now directly owns 115,942 shares in the company, valued at $1,041,159.16. The disclosure for this purchase can be found here. Insiders have sold 18,860 shares of company stock valued at $226,854 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Kore Private Wealth LLC bought a new position in Teva Pharmaceutical Industries in the 1st quarter valued at $29,000. Bruderman Asset Management LLC grew its stake in Teva Pharmaceutical Industries by 2,175.0% in the 4th quarter. Bruderman Asset Management LLC now owns 2,366 shares of the company’s stock valued at $36,000 after purchasing an additional 2,262 shares during the period. Coastal Investment Advisors Inc. bought a new position in Teva Pharmaceutical Industries in the 1st quarter valued at $37,000. Lindbrook Capital LLC grew its stake in Teva Pharmaceutical Industries by 61.2% in the 1st quarter. Lindbrook Capital LLC now owns 2,489 shares of the company’s stock valued at $39,000 after purchasing an additional 945 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Teva Pharmaceutical Industries in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.
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About Teva Pharmaceutical Industries (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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