Teva Pharmaceutical Industries Limited (NYSE:TEVA) Slips -0.84% Pre-Market Trade

05 August, 2017, 00:28 | Author: Franklin Nunez
  • Teva Pharmaceutical Industries wears a shirt bearing the company's logo at its Jerusalem oral solid dosage plant

ATR value of company was 0.78 and Relative Strength Index (RSI) was 18.79. TEVA's value Change from Open was at -6.29% with a Gap of -17.60%. The stock had a trading volume of 62,024,408 shares.

A few hours after the second quarter report was released, Peterburg got on the phone with investors to outline in more detail the factors that contributed to the report's shortcomings and to elaborate on the company's plan moving forward. Cribstone Capital Management LLC now owns 3,141 shares of the company's stock valued at $101,000 after buying an additional 100 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in Teva Pharmaceutical Industries Limited by 150.7% in the fourth quarter. Institutional investors own 56.20% of the company's stock. EPS breaks down the profitability of the company on a single share basis. The company has a market capitalization of $21.09 billion, a P/E ratio of 266.1423 and a beta of 0.46. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Even by the time the deal was done, analysts were saying the assets were not worth what Teva paid for them. Traders acquired 66,716 put options on the stock. This is an increase of approximately 864% compared to the typical volume of 6,922 put options. SOL Capital Management CO raised its stake in shares of Teva Pharmaceutical Industries by 10.1% in the first quarter. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for TEVA and estimated EPS for next quarter is $ 1.20. Return on Equity (ROE) stands at 0.3% and Return on Investment (ROI) of 1.1 percent.

The Israel-based drug developer reportedly generated net revenues of $5.7 billion during its second quarter, just shy of the consensus estimate - which was calling for $5.76 billion.

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Fiscal 2017 projections are expected to be lower than previously expected as Teva reduced its adjusted earnings guidance to $4.30 to $4.50 per share, down from its previous outlook of $4.90 to $5.30 per share.

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TEVA has been the subject of several research reports.

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Based on data provided from analysts polled by Thomson Reuters, The Meet Group, Inc. has a current consensus target price of 9.06. Royal Bank Of Canada restated an "outperform" rating and issued a $38.00 price target (down from $42.00) on shares of Teva Pharmaceutical Industries Limited in a research report on Monday, May 15th. Revenue was also below the mark at $5.69 billion versus analysts' projections of $5.72 billion. Nineteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Cantor Fitzgerald set a $31.00 price objective on Teva Pharmaceutical Industries and gave the stock a "hold" rating in a research report on Thursday, June 22nd. Teva Pharmaceutical Inds now has $32.36B valuation. "We have made important progress and it has been positive so far", he said, also deflecting questions from analysts on the prospects of splitting the company into two - generics and specialty drugs.

Key Statistics: Generic segment sales were $3.08 billion, up 20% year over year while Specialty segment sales were $2.07 billion, down 8.8%.

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