Teva Pharmaceutical Industries Limited (TEVA) Issues FY17 Earnings Guidance

23 Analysts think that the Price Target for Teva Pharmaceutical Industries Limited (NYSE:TEVA) might hit $42.65, however, the High Price Target and Low price Target are $80 and $31, respectively. 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. Teva Pharmaceutical Industries Limited presently has a consensus rating of "Buy" and an average target price of $53.73.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) opened at 34.00 on Tuesday.

Boxes of tablets, produced by Teva Pharmaceutical Industries Ltd., sit on a pharmacy counter in this arranged photograph in London, U.K., on Thursday, Dec. 29, 2016. The firm has a market cap of $32.67 billion, a P/E ratio of 18.73 and a beta of 0.58. 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. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.36 by $0.02. The company issued revenue guidance of $23.8-24.5 billion, compared to the consensus revenue estimate of $23.77 billion. Teva Pharmaceutical Industries Limited had a return on equity of 16.75% and a net margin of 8.81%. The company's revenue for the quarter was up 33.0% on a year-over-year basis. However the company's price to cash per share for most recent quarter stands at 20.64. For the current year Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has set to release EPS of $5.11 as per the sentiments of 28 analysts, however according to 24 analysts, the company expected to release $4.83 EPS for next year.

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It will pay an unchanged quarterly dividend of 34 cents per ordinary share and $17.50 per mandatory convertible preferred share.

The stock now has its Annual Dividend of $1.36 and an annual Dividend Yield of 4 Percent.

This piece of content was originally reported by BBNS and is owned by of BBNS. If you are accessing this piece of content on another website, it was stolen and republished in violation of United States and worldwide trademark and copyright law. The correct version of this news story can be viewed at Hedge funds and other institutional investors own 55.03% of the company's stock. BTC Capital Management Inc. now owns 4,554 shares of the company's stock valued at $229,000 after buying an additional 539 shares in the last quarter. Monarch Capital Management Inc. boosted its stake in Teva Pharmaceutical Industries Limited by 9.4% in the second quarter. Hudock Capital Group LLC now owns 2,064 shares of the company's stock worth $103,000 after buying an additional 564 shares during the period. Pillar Pacific Capital Management LLC increased its position in shares of Teva Pharmaceutical Industries Limited by 5.2% in the second quarter.

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"We want someone with deep and broad pharmaceutical experience. that can take Teva to the next level", Teva's new chairman, former Celgene CEO Sol Barer, said, noting he was personally involved in the search. "We will be looking at every part of our business, including our current global manufacturing footprint, key therapeutic areas, pipeline assets in both specialty and generics and existing business lines and markets".

Among analysts and investors, a widespread belief is that Teva could split in two-one side, the company's generics business, the other, its branded drug company.

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