Are Teva Pharmaceutical (NYSE:TEVA) Shares Headed North? BTIG Research Issues Upgrade

13 September, 2017, 00:46 | Author: Franklin Nunez
  • Teva Pharmaceutical on the Street Analysts’ Recommendations in September

Minneapolis Portfolio Management Group Llc decreased Ingersoll (NYSE:IR) stake by 15,968 shares to 274,574 valued at $20.60 million in 2016Q4.

Hedge funds have recently made changes to their positions in the stock. Capital World Investors now owns 11,068,200 shares of the company's stock valued at $367,686,000 after buying an additional 3,268,200 shares during the period. It closed at $77.08 lastly. The legal version of this article can be read at It has outperformed by 6.81% the S&P500.

If Teva Pharmaceutical Industries (TEVA) last earnings report did anything, it confirmed that the company really needed to finally get around to hiring a new CEO.

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Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Teva Pharmaceutical Industries Limited (NYSE:TEVA) during the fourth quarter, Holdings Channel reports. Teva Pharmaceuticals Inds Ltd now has $15.90B valuation. The lowest price the stock reached in the last trading day was $2.35 and compares with the $2.12 52-week low. About 78.55M shares traded or 185.01% up from the average. Deutsche Bank AG reissued a "buy" rating and set a $28.00 price target (down from $43.00) on shares of Teva Pharmaceutical Industries Limited in a research note on Wednesday, August 9th.

Since March 14, 2017, it had 0 buys, and 1 insider sale for $501,019 activity. On Monday, June 5 the insider PELTZ NELSON sold $87.84M. Peltz Matthew H. sold $87.84 million worth of stock. The firm has "Buy" rating given on Friday, May 26 by Jefferies. Therefore 21% are positive. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Buy" rating given on Monday, November 23 by Goldman Sachs. The ex-dividend date is Friday the 25th of August 2017. The firm has "Market Outperform" rating given on Friday, January 8 by Avondale.

On August 7 the stock rating was downgraded from "Equal-Weight" to "Underweight" with a current price target of $16.00 in an announcement from Morgan Stanley. As of December 31, 2016, the Company had a global portfolio of over 1,800 molecules. The stock had a trading volume of 50,688,017 shares. On Friday, August 14 the stock rating was maintained by Citigroup with "Neutral". Its down 0.26, from 1.18 in 2016Q3. It improved, as 36 investors sold W shares while 38 reduced holdings. 75 funds opened positions while 211 raised stakes.

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If ranked among last year's top-paid pharma executives, Schultz package would place him at No. 3, behind Mylan chairman Robert Coury's $97 million and Valeant CEO Joseph Papa's $62.7 million. "It is good that a CEO from the industry has arrived, and good that he is coming over overseas, because that delivers a soothing message to foreign investors", she adds. Blackrock Institutional Trust Na reported 9.33M shares. (NASDAQ:LSTR). Hutchin Hill Capital Ltd Partnership invested 0.02% in Landstar System, Inc. Pacad Limited holds 0.16% or 35,700 shares.

Investors sentiment decreased to 0.92 in Q4 2016. Aperio Gru has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 122,739 shares. Washington Tru Bancorp holds 92 shares. Baird Financial Group, Inc. now holds 217,232 shares with a value of $7,216,000. Japan-based Nomura has invested 0% in Wendys Co (NASDAQ:WEN). British Columbia Investment Mngmt, British Columbia - Canada-based fund reported 437,799 shares.

Among 27 analysts covering Wayfair LLC (NYSE:W), 13 have Buy rating, 1 Sell and 13 Hold. Teva Pharma had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with "Hold" on Thursday, August 3.

Gap to close 200 stores in next three years
Over that time period, it will shift its focus to growing brands Old Navy and Athleta and open about 270 of those stores. The company announced this week that it will close 200 poor-performing Gap and Banana Republic stores.

Erez Vigodman resigned in February as the company spiraled into crisis and its share price collapsed, losing more than 80% of its value over 2.5 years. The stock has "Underperform" rating by Credit Suisse on Thursday, August 24.


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