Economy

Teva Pharmaceutical Industries Limited American Depositary Shares (NYSE:TEVA) "Underperform" Rating

Barclays Capital maintained Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on Tuesday, January 31 with "Equal Weight" rating. The fund owned 60,862 shares of the company's stock after selling 7,195 shares during the period.

Shares of Taro Pharmaceutical Industries Ltd.

Other equities analysts have also recently issued reports about the company. WFG Advisors LP grew its position in shares of Teva Pharmaceutical Industries Limited by 2,650.1% during the second quarter. Next Financial Group, Inc claims 10,574 shares valued at $351,000,000. PGGM Investments now owns 1,528,097 shares of the company's stock valued at $50,763,000 after buying an additional 163,292 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Taro Pharmaceutical Industries by 19.0% during the second quarter. Analyst IMS Investment Management Services Ltd. raised its stake in Teva Pharmaceutical Industries Limited by 8.4% during the second quarter. Capital Research Global Investors now owns 76,325,059 shares of the company's stock valued at $2,535,518,000 after buying an additional 9,260,426 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in Teva Pharmaceutical Industries Limited during the first quarter valued at approximately $285,000. (NYSE:TARO) opened at 105.49 on Thursday.

Shares are trading at $15.52 which is much lower than the 50 day moving average which is $21.96 and quite a bit below the 200 day moving average of $29.37.

The market experts are predicting a 79.71% rally, based on the high target price ($3.72) for Harmony Gold Mining Company Limited shares that is likely to be hit in the 52 weeks. Teva Pharmaceutical Industries recently declared a dividend that will be paid on Thu Sep 14, 2017. Morgan Stanley reinitiated Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) rating on Wednesday, July 29. Teva Pharmaceutical Industries Limited's payout ratio is -15.36%. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.72 billion. Next quarter's EPS is forecasted to be $1.18 with next year's EPS projected to be $4.02. It now has negative earnings. Investors of record on Tuesday, August 29th will be given a $0.085 dividend. The dividend yield will be $6.95. The ex-dividend date of this dividend is Friday, August 25th. Rnc Capital Management Llc sold 413,805 shares as Teva Pharmaceutical (TEVA)'s stock declined 15.11%. (The) reissued a neutral rating and issued a $21.00 target price (down from $28.00) on shares of Teva Pharmaceutical Industries Limited in a report on Thursday, August 31st.

They now have a $14 price target on Teva Pharmaceutical Industries Limited American Depositary Shares (NYSE:TEVA). Finally, Credit Suisse Group downgraded Taro Pharmaceutical Industries from an "outperform" rating to a "neutral" rating in a research report on Tuesday, May 23rd. The firm has "Outperform" rating by Oppenheimer given on Wednesday, December 7. Teva Pharmaceutical Industries Limited (TEVA) maintained activity of 16.48 million shares that trade hands on average basis while its relative volume is 0.82.

Among 28 analysts covering Teva Pharma (NYSE:TEVA), 6 have Buy rating, 4 Sell and 18 Hold. This target by JMP Securities means the possibile downside of -10.26 % from the last stock close. "Has $2.02 Million Position in Teva Pharmaceutical Industries Limited (TEVA)" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. The legal version of this report can be viewed at https://stocknewstimes.com/2017/09/07/taro-pharmaceutical-industries-ltd-taro-position-lowered-by-virginia-retirement-systems-et-al.html.

Taro Pharmaceutical Industries Ltd. (Taro) is a science-based pharmaceutical company. The Firm is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Firm operates through two divisions: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.



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