The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) hit a new 52-week low and has $39.43 target or 7.00% below today’s $42.40 share price. The 7 months bearish chart indicates high risk for the $43.31B company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $39.43 price target is reached, the company will be worth $3.03B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 4.14M shares traded hands. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 27.30% since March 14, 2016 and is downtrending. It has underperformed by 32.91% the S&P500.
Analysts await Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) to report earnings on November, 3. They expect $1.30 earnings per share, down 3.70% or $0.05 from last year’s $1.35 per share. TEVA’s profit will be $1.33 billion for 8.15 P/E if the $1.30 EPS becomes a reality. After $1.25 actual earnings per share reported by Teva Pharmaceutical Industries Ltd (ADR) for the previous quarter, Wall Street now forecasts 4.00% EPS growth.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) Ratings Coverage
Out of 19 analysts covering Teva Pharma (NYSE:TEVA), 15 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 79% are positive. Teva Pharma has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has “Overweight” rating given on Wednesday, July 29 by Morgan Stanley. The rating was downgraded by Goldman Sachs on Friday, July 15 to “Neutral”. The firm has “Buy” rating given on Tuesday, July 28 by Citigroup. The firm earned “Buy” rating on Tuesday, July 28 by Argus Research. The company was maintained on Monday, August 10 by Goldman Sachs. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) earned “Buy” rating by Mizuho on Thursday, August 25. The company was initiated on Friday, February 19 by Wells Fargo. On Friday, October 30 the stock rating was reinitiated by Jefferies with “Buy”. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) earned “Buy” rating by Goldman Sachs on Monday, November 23. The stock has “Neutral” rating given by Nomura on Tuesday, September 29.
According to Zacks Investment Research, “TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva USA sells its products to chains, wholesalers, distributors, hospitals, managed care entities, and government agencies. The company markets a variety of dosage forms, including both extended and immediate release tablets and capsules, creams, ointments, solutions, and suspensions. Key therapeutic areas are the analgesic, anti-infective, cardiovascular, CNS, dermatological and anti-inflammatory categories.”
TEVA Company Profile
Teva Pharmaceutical Industries Limited, incorporated on February 13, 1944, is a global pharmaceutical company. The Firm is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Firm operates through two divisions: Generic medicines and Specialty medicines. The Firm has a global portfolio of approximately 1,000 molecules.
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