Market Analysts see Teva Pharmaceutical Industries Limited [TEVA] falling to $11. Time to buy?

Teva Pharmaceutical Industries Limited [NYSE: TEVA] traded at a low on 06/21/21, posting a -0.10 loss after which it closed the day’ session at $10.11. The company report on June 21, 2021 that Teva Presents New Data at 7th European Academy of Neurology Congress Suggesting Socio-Economic Factors May Contribute to the Significant Under-Diagnosis of Migraine.

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Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) presented new epidemiology data on migraine from the State of Israel which indicate that socio-economic factors may contribute to underdiagnosis of migraine across society1.

A retrospective study of migraine epidemiology in Southern Israel, supported by Teva and presented at the virtual 7th Congress of the European Academy of Neurology (EAN), found extreme variability in the prevalence of diagnosed patients with migraine across the geographic area studied.

The results of the trading session contributed to over 8832091 shares changing hands. Over the past one week, the price volatility of Teva Pharmaceutical Industries Limited stands at 2.97% while the volatility over the past one month is 3.11%.

The market cap for TEVA stock reached $11.56 billion, with 1.10 billion shares outstanding and 1.09 billion shares in the current float. Compared to the average trading volume of 7.48M shares, TEVA reached a trading volume of 8832091 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $12.20 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 2.90. 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.

UBS have made an estimate for Teva Pharmaceutical Industries Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 04, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Sector Perform. The new note on the price target was released on April 07, 2021, representing the official price target for Teva Pharmaceutical Industries Limited stock. On August 06, 2020, analysts increased their price target for TEVA shares from 10 to 13.

The Average True Range (ATR) for Teva Pharmaceutical Industries Limited is set at 0.33, with the Price to Sales ratio for TEVA stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 1.52.

How has TEVA stock performed recently?

Teva Pharmaceutical Industries Limited [TEVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.51. With this latest performance, TEVA shares dropped by -6.13% in over the last four-week period, additionally sinking by -1.84% over the last 6 months – not to mention a drop of -20.21% 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 40.79, with the RSI for the last a single of trading hit 35.95, and the three-weeks RSI is set at 43.25 for Teva Pharmaceutical Industries Limited [TEVA]. The present Moving Average for the last 50 days of trading for this stock 10.55, while it was recorded at 10.41 for the last single week of trading, and 10.39 for the last 200 days.

Teva Pharmaceutical Industries Limited [TEVA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teva Pharmaceutical Industries Limited [TEVA] shares currently have an operating margin of +18.36 and a Gross Margin at +46.38. Teva Pharmaceutical Industries Limited’s Net Margin is presently recorded at -23.95.

Return on Total Capital for TEVA is now 7.87, given the latest momentum, and Return on Invested Capital for the company is -11.37. Return on Equity for this stock declined to -34.11, with Return on Assets sitting at -7.60. 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 263.30. Additionally, TEVA Total Debt to Total Capital is recorded at 72.47, with Total Debt to Total Assets ending up at 52.13. Long-Term Debt to Equity for the company is recorded at 231.50, with the Long-Term Debt to Total Capital now at 63.72.

Reflecting on the efficiency of the workforce at the company, Teva Pharmaceutical Industries Limited [TEVA] managed to generate an average of -$345,488 per employee. Receivables Turnover for the company is 3.34 with a Total Asset Turnover recorded at a value of 0.32.Teva Pharmaceutical Industries Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.

Earnings analysis for Teva Pharmaceutical Industries Limited [TEVA]

With the latest financial reports released by the company, Teva Pharmaceutical Industries Limited posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.80%. 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 5.77%.

Insider trade positions for Teva Pharmaceutical Industries Limited [TEVA]

There are presently around $5,793 million, or 52.50% 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 128,693,223, which is approximately -1.112% of the company’s market cap and around 0.78% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 53,020,773 shares of the stock with an approximate value of $536.04 million in TEVA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $432.6 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 April and at the time of the April reporting period, where 184 institutional holders increased their position in Teva Pharmaceutical Industries Limited [NYSE:TEVA] by around 41,977,361 shares. Additionally, 188 investors decreased positions by around 46,634,691 shares, while 124 investors held positions by with 484,418,798 shares. The mentioned changes placed institutional holdings at 573,030,850 shares, according to the latest SEC report filing. TEVA stock had 58 new institutional investments in for a total of 4,636,104 shares, while 46 institutional investors sold positions of 6,768,447 shares during the same period.

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