Analyst Buzz: Teva Pharmaceutical Industries Limited (TEVA)

Lundbeck plunges as Teva poaches its CEO

Teva Pharmaceutical Industries Limited - Receive News & Ratings Daily

ULBI's SI was 32,500 shares in September as released by FINRA. Share performance for the month is now at -11.43%. The short-interest ratio increased to 1.0 and the percentage of shorted shares is 0.04% as of August 15. About 223,395 shares traded. Middlefield Banc Corp (MBCN) has 0.00% since September 11, 2016 and is. It has outperformed by 7.96% the S&P500.

Teva hasn't been the only generic drugmaker struggling of late, as price erosion, decreased volume and increased generic approvals by the Food and Drug Administration have weighed on the industry.

Are Teva Pharmaceutical Industries Limited (NYSE:TEVA) Earnings Growing Rapidly? The Trian Fund Management Lp holds 44.54M shares with $602.13M value, up from 40.79 million last quarter. Hills Bank & Trust Company sold 25,870 shares as the company's stock declined 15.11% while stock markets rallied. 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 last quarter.

The counter witnessed a trading volume of 0.22 million shares versus an average volume of 0.42 million shares during last trading session.

After a month of an absolute free-fall in shares, Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) stock grabbed a foothold yesterday after management announced the company's newest President and CEO Kare Schulz. It has underperformed by 58.40% the S&P500.

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As such, the analyst maintains a Hold rating on TEVA stock with a price target of $15.50, representing a 16% dip below current trading levels. Therefore 50% are positive.

"Schultz will be Teva's fourth CEO over the last six years, and we think Teva must stabilize its executive ranks to execute on its turnaround strategy and lower its high debt level, now at $34 billion", said analyst Jeffrey Loo, with CFRA Research, in a client note. RBC Capital Markets has "Sector Perform" rating and $66 target. Finally, ValuEngine lowered shares of Teva Pharmaceutical Industries Limited from a buy rating to a hold rating in a research report on Friday, June 2nd.

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. Guggenheim upgraded Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on Friday, December 4 to "Buy" rating. Vetr cut Teva Pharmaceutical Industries Limited from a hold rating to a sell rating and set a $31.05 price objective on the stock.in a report on Thursday, June 22nd. The stock of Rite Aid Corporation (NYSE:RAD) earned "Neutral" rating by Credit Suisse on Thursday, October 29. 178.58 million shares or 3.59% less from 185.23 million shares in 2016Q3 were reported. Time Warner Inc (NYSE:TWX) was reduced too.

Investors sentiment decreased to 0.92 in Q4 2016. Vanguard Grp holds 327,578 shares or 0% of its portfolio. For the quarter, shares have been noted at -7.92%. Da Davidson & Company reported 0.06% of its portfolio in Broadridge Financial Solutions, Inc. (NASDAQ:ULBI). Lsv Asset Mgmt owns 39,403 shares.

In 2016, Lundbeck reported DKK 2.29 billion of earnings before interest and taxes, compared with a loss from operations of DKK 6.82 billion in 2015. Moreover, Ubs Asset Mngmt Americas has 0% invested in Landstar System, Inc. It also upped Westmoreland Coal Co (NASDAQ:WLB) stake by 29,400 shares and now owns 66,600 shares. Rmsincerbeaux Capital Llc holds 0.81% or 12,900 shares. Entrustpermal Mgmt Ltd Com invested in 1.22% or 264,100 shares. Metropolitan Life Ins New York holds 0.02% or 192,378 shares. The North Run Capital Lp holds 1.07 million shares with $38.79 million value, up from 815,000 last quarter.

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