Argus lifts Teva- Pharmaceutical Industries Ltd. ADR [TEVA] price estimate. Who else is bullish?

Teva- Pharmaceutical Industries Ltd. ADR [NYSE: TEVA] traded at a high on Friday, posting a 0.75 gain after which it closed the day’ session at $18.87.

The results of the trading session contributed to over 10069878 shares changing hands. Over the past one week, the price volatility of Teva- Pharmaceutical Industries Ltd. ADR stands at 1.66% while the volatility over the past one month is 2.50%.

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The market cap for TEVA stock reached $21.38 billion, with 1.13 billion shares outstanding and 1.13 billion shares in the current float. Compared to the average trading volume of 8.86M shares, TEVA reached a trading volume of 10069878 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 Ltd. ADR [TEVA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEVA shares is $21.86 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 1.64. 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.

Argus have made an estimate for Teva- Pharmaceutical Industries Ltd. ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 10, 2024. The new note on the price target was released on March 08, 2024, representing the official price target for Teva- Pharmaceutical Industries Ltd. ADR stock. Previously, the target price had yet another raise from $12 to $19, while Piper Sandler kept a Overweight rating on TEVA stock. On January 23, 2024, analysts increased their price target for TEVA shares from 10 to 14.

The Average True Range (ATR) for Teva- Pharmaceutical Industries Ltd. ADR is set at 0.44, with the Price to Sales ratio for TEVA stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 1.99. Price to Free Cash Flow for TEVA in the course of the last twelve months was 10.31 with Quick ratio for the last quarter at 0.59.

How has TEVA stock performed recently?

Teva- Pharmaceutical Industries Ltd. ADR [TEVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.67. With this latest performance, TEVA shares gained by 7.58% in over the last four-week period, additionally plugging by 39.78% over the last 6 months – not to mention a rise of 94.74% 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 66.85, with the RSI for the last a single of trading hit 71.06, and the three-weeks RSI is set at 64.02 for Teva- Pharmaceutical Industries Ltd. ADR [TEVA]. The present Moving Average for the last 50 days of trading for this stock 17.20, while it was recorded at 18.70 for the last single week of trading, and 14.08 for the last 200 days.

Teva- Pharmaceutical Industries Ltd. ADR [TEVA]: Deeper insight into the fundamentals

Teva- Pharmaceutical Industries Ltd. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.89.

Earnings analysis for Teva- Pharmaceutical Industries Ltd. ADR [TEVA]

With the latest financial reports released by the company, Teva- Pharmaceutical Industries Ltd. ADR posted 0.6/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 fail the estimates by a Surprise Factor of -0.01. 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 Ltd. ADR go to 1.60%.

Insider trade positions for Teva- Pharmaceutical Industries Ltd. ADR [TEVA]

There are presently around $55.38%, or 55.38%% of TEVA stock, in the hands of institutional investors. The top three institutional holders of TEVA stocks are: BLACKROCK INC. with ownership of 42.99 million shares, which is approximately 3.8279%. FMR LLC, holding 41.98 million shares of the stock with an approximate value of $$682.15 million in TEVA stocks shares; and FMR LLC, currently with $$590.36 million in TEVA stock with ownership which is approximately 3.2351%.