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.
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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.
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