Wednesday, January 27, 2021

Oppenheimer lifts Teva Pharmaceutical Industries Limited [TEVA] price estimate. Who else is bullish?

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Teva Pharmaceutical Industries Limited [NYSE: TEVA] gained 5.47% or 0.59 points to close at $11.38 with a heavy trading volume of 10363667 shares. The company report on January 9, 2021 that Teva to Host Conference Call to Discuss Fourth Quarter 2020 Financial Results and 2021 Financial Guidance at 8 a.m. ET on February 10, 2021.

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Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announced that it will issue a press release on its fourth quarter and full year 2020 financial results, as well as on its financial guidance for 2021, on Wednesday, February 10, 2021 at 7:00 a.m. ET. Following the release, Teva will conduct a conference call and live webcast on the same day, at 8:00 a.m. ET.


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It opened the trading session at $10.70, the shares rose to $11.45 and dropped to $10.645, the range by which the price of stock traded the whole day. The daily chart for TEVA points out that the company has recorded -1.64% loss over the past six months. However, it is still -82.08% lower than its most recent low trading price.

If we look at the average trading volume of 8.59M shares, TEVA reached to a volume of 10363667 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Teva Pharmaceutical Industries Limited [TEVA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEVA shares is $11.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TEVA stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Teva Pharmaceutical Industries Limited shares, keeping their opinion on the stock as Perform, with their previous recommendation back on November 25, 2020. While these analysts kept the previous recommendation, Barclays raised their target price from $10 to $13. The new note on the price target was released on August 06, 2020, representing the official price target for Teva Pharmaceutical Industries Limited stock. Previously, the target price had yet another raise to $12, while Goldman analysts kept a Neutral rating on TEVA stock.

The Average True Range (ATR) for Teva Pharmaceutical Industries Limited is set at 0.44, with the Price to Sales ratio for TEVA stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for TEVA in the course of the last twelve months was 14.26 with Quick ratio for the last quarter at 0.60.

Trading performance analysis for TEVA stock

Teva Pharmaceutical Industries Limited [TEVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.06. With this latest performance, TEVA shares gained by 6.85% in over the last four-week period, additionally sinking by -1.64% over the last 6 months – not to mention a rise of 26.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TEVA stock in for the last two-week period is set at 67.79, with the RSI for the last a single of trading hit 72.54, and the three-weeks RSI is set at 64.39 for Teva Pharmaceutical Industries Limited [TEVA]. The present Moving Average for the last 50 days of trading for this stock 9.85, while it was recorded at 11.04 for the last single week of trading, and 10.47 for the last 200 days.

Teva Pharmaceutical Industries Limited [TEVA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Teva Pharmaceutical Industries Limited [TEVA] shares currently have an operating margin of +16.04 and a Gross Margin at +44.58. Teva Pharmaceutical Industries Limited’s Net Margin is presently recorded at -5.92.

Return on Total Capital for TEVA is now 6.14, given the latest momentum, and Return on Invested Capital for the company is -2.46. Return on Equity for this stock declined to -6.90, with Return on Assets sitting at -1.67. When it comes to the capital structure of this company, Teva Pharmaceutical Industries Limited [TEVA] has a Total Debt to Total Equity ratio set at 196.54. Additionally, TEVA Total Debt to Total Capital is recorded at 66.28, with Total Debt to Total Assets ending up at 47.78. Long-Term Debt to Equity for the company is recorded at 178.91, with the Long-Term Debt to Total Capital now at 60.33.

Reflecting on the efficiency of the workforce at the company, Teva Pharmaceutical Industries Limited [TEVA] managed to generate an average of -$88,899 per employee. Receivables Turnover for the company is 2.91 with a Total Asset Turnover recorded at a value of 0.28.Teva Pharmaceutical Industries Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.00.

Teva Pharmaceutical Industries Limited [TEVA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Teva Pharmaceutical Industries Limited posted 0.62/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TEVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Teva Pharmaceutical Industries Limited go to 3.33%.

An analysis of insider ownership at Teva Pharmaceutical Industries Limited [TEVA]

There are presently around $6,365 million, or 51.80% of TEVA stock, in the hands of institutional investors. The top three institutional holders of TEVA stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 130,107,469, which is approximately -0.016% of the company’s market cap and around 1.02% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 52,806,500 shares of the stock with an approximate value of $600.94 million in TEVA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $486.94 million in TEVA stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Teva Pharmaceutical Industries Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 172 institutional holders increased their position in Teva Pharmaceutical Industries Limited [NYSE:TEVA] by around 41,342,047 shares. Additionally, 209 investors decreased positions by around 60,566,222 shares, while 115 investors held positions by with 457,408,409 shares. The mentioned changes placed institutional holdings at 559,316,678 shares, according to the latest SEC report filing. TEVA stock had 52 new institutional investments in for a total of 4,689,857 shares, while 59 institutional investors sold positions of 20,955,634 shares during the same period.

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