Home » Money

Teva Pharmaceutical Industries Limited (TEVA) Issues FY17 Earnings Guidance

15 February, 2017, 00:30 | Author: Paula Vaughn
  • Is this Large Market Cap Stock target price reasonable for Teva Pharmaceutical Industries Limited (NYSE:TEVA)?

The institutional investor owned 126,484 shares of the company's stock after buying an additional 6,100 shares during the period. Hudock Capital Group LLC raised its position in Teva Pharmaceutical Industries Limited by 37.6% in the second quarter.

The stock recently closed its previous session at $34 by showing a percentage change of 5.62% from its previous day closing price of $32.19.

"Teva Pharmaceutical Industries Limited (TEVA) Issues FY17 Earnings Guidance" was reported by Chaffey Breeze and is the property of of Chaffey Breeze. Sharkey Howes & Javer raised its stake in shares of Teva Pharmaceutical Industries Limited by 21.7% in the second quarter. Sharkey Howes & Javer now owns 2,008 shares of the company's stock valued at $101,000 after buying an additional 358 shares in the last quarter.

On Monday, Peterburg told analysts that the company now expects that the loss of Copaxone's patent protection and the launch of generic competition would deprive Teva of $1 billion to $1.3 billion of revenue this year, a slight increase from the range of $1 billion to $1.2 billion the company predicted in January.

"This is a critical time for Teva, and we are here to fix what is not working", he added during the company's call with investors Monday. (NYSE:FLO) shares moved to $20.84 after starting the day at $20.61. TEVA has P/E (Price to Earnings ttm) value of 19.64, Forward P/E of 7.09, P/C (Price to cash per share) of 22.21 and Price to Free Cash Flow (P/FCF) value of 0. Its last 5-Year EPS growth stands at -13.10%; with earnings growth of 194.70% yoy.

Fourth quarter revenue was $6.5 billion, up 33% from the corresponding quarter of 2015, primarily due to the inclusion of Actavis generics business. The companys revenue was up 15.3% compared to the same quarter past year.

Co-op Bank may lose its name if stakes are low
In 2013 the bank was rescued by a group of hedge funds after it emerged it had a capital shortfall of £1.5bn. A spokesperson for the Bank of England's Prudential Regulation Authority says it welcomes the action.

Teva earned $1.38 per share excluding one-time items in the quarter, up from $1.28.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. This represents a $1.36 dividend on an annualized basis and a yield of 4.00%. If you are accessing this piece of content on another website, it was stolen and republished in violation of United States and global trademark and copyright law. The correct version of this news story can be read at [[permalink]]. Morgan Stanley downgraded shares of Teva Pharmaceutical Industries Limited from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $63.00 to $42.00 in a research report on Wednesday, November 16th. RBC Capital Markets reaffirmed an "outperform" rating and set a $42.00 target price on shares of Teva Pharmaceutical Industries Limited in a report on Tuesday. Citigroup Inc. reiterated a "buy" rating and set a $47.00 price target on shares of Teva Pharmaceutical Industries Limited in a research note on Tuesday.

We maintain our Neutral rating on TEVA shares. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Teva Pharmaceutical Industries Limited presently has a consensus rating of "Buy" and an average price target of $53.73. Yitzhak Peterburg took over as interim president and CEO of Teva, and the company has indicated that it is still searching for a permanent replacement for Vigodman. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines.

Teva, the world's biggest maker of generic drugs, has been through a turbulent period over the last two years, capped by Vigodman's decision to leave. It has a global portfolio of approximately 1,000 molecules.

Want to see what other hedge funds are holding TEVA?

Recommended:

  • Snow ending, high winds possible Monday

    Snow ending, high winds possible Monday

    The highest wind gust recorded was a White Plains airport, just over the border from Greenwich. The strong wind can make driving hard , especially for high-profile vehicles.
    Noncitizen Sentenced to 8 Years for Illegal Voting

    Noncitizen Sentenced to 8 Years for Illegal Voting

    However, five months later, she filled out another form and claimed the second time that she was a citizen, the station reported . According to Fox 4 News , Ortega's identity came into question after she tried to register to vote twice in Tarrant County.
    BAFTA Awards: Trumpian Politics Take Center Stage Across Speeches

    BAFTA Awards: Trumpian Politics Take Center Stage Across Speeches

    Lion, which is based on the true story of a lost and adopted boy's search for his real mother, also won best adapted screenplay . She also praised her co-star, British actor Dev Patel, who is nominated in the supporting actor category.
  • India Strategic Partnership on display at Aero India 2017

    India Strategic Partnership on display at Aero India 2017

    Betting big on 'Make in India, ' Prime Minister Narendra Modi himself had formally kicked off the last air show. Seventy-two aircraft, both on static and flying display, will be part of the show.
    Pacquiao asks fans whom he should fight next

    Pacquiao asks fans whom he should fight next

    Horn was a clear last on seven per cent after more than 44,000 votes with Amir Khan (48 per cent) ahead of Brook (24 per cent) and Crawford (21 per cent).
    Heat is on China after North Korean missile test

    Heat is on China after North Korean missile test

    The North tried to launch a Musudan eight times past year but most attempts failed. At the time, Mr Trump derided the claim in a tweet, saying: "It won't happen".
  • Rory Feek Fulfills Promise to His Late Wife By Attending The Grammys

    Rory Feek Fulfills Promise to His Late Wife By Attending The Grammys

    "She's so present in my life", Rory said Tuesday on Today while discussing why he still refers to Joey in the present tense . It was February 15, 2016 when IN native Joey Feek and her husband, Rory, watched the Grammy Awards on TV, hoping for a win.

    Burger King Shines As Restaurant Brands Int'l Earnings Beat The Street

    FMR LLC increased its position in shares of Restaurant Brands International by 1.5% in the fourth quarter. TRADEMARK VIOLATION NOTICE: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem.
    Canadian Prime Minister Takes Moment To Reflect Before Sealing Fate With Trump

    Canadian Prime Minister Takes Moment To Reflect Before Sealing Fate With Trump

    Trump and Trudeau have demonstrated contrasting leadership strategies , especially with regards to immigration. Canadian Defense Minister Harjit Sajjan met with US Defense Secretary James Mattis on Monday.
  • Pedro Hernandez found guilty in Etan Patz murder

    Pedro Hernandez found guilty in Etan Patz murder

    A lone holdout juror was unconvinced of his guilt, causing the judge to declare a mistrial in May 2015. "I was nervous. Hernandez has confessed multiple times to killing the boy throughout his life, including to his ex-wife and to police.
    Russian Federation  accused of 'smear campaign' against French candidate

    Russian Federation accused of 'smear campaign' against French candidate

    Rumours about Macron's private life had grown louder in recent weeks, in tandem with his poll surge. Fillon's campaign has been hit by probes into allegations of fake work carried out by Fillon's wife.
    Who's to Blame for Metallica's Technical Issues at Grammys

    Who's to Blame for Metallica's Technical Issues at Grammys

    She was dazzling, of course, blowing out some goddess-level metal vocals and striking all the badass rock-poster poses. This time it was alongside Metallica , a seemingly odd pairing that nevertheless produced some fascinating results.


Popular

US Senate Expected to Confirm Mnuchin as Treasury Secretary
Republicans on the committee broke with protocol and pushed Mnuchin's vote to the Senate floor after a boycott by Democrats. They also questioned whether the bank had done enough new lending to under-served markets after the financial crisis.

Apple Music to get app talent show with celebrity judges
The interview began with Kafka questioning Apple's video ambitions. "We're not out trying to buy a bunch of shows", he said. Cue said that the show was a means to promote Apple Music and offer something unique that hasn't been seen on TV before.

Brandon Harris announces LSU has granted him his full release
Gifted with a strong arm, Harris struggled to develop under LSU offensive coordinator Cam Cameron as did Jennings. As a graduate transfer, Harris will be eligible to suit up immediately regardless of where he lands.

Thousands of Protesters March in Mexico Against President Trump
While more than half of unauthorized immigrants were Mexican - around 52 percent - the number of those immigrants living in the USA was down.

Muscular dystrophy drug cost escalates to $89000 per year
The high price had led to dismay among patyients of Duchenne muscular dystrophy, the health condition it is expected to treat. Former head of Turing Pharmaceuticals Martin Shkreli was accused of illegally manipulating the price of life-changing drugs.