A Look At Kare Schultz, The New CEO In Charge Of Teva

13 September, 2017, 00:13 | Author: Sam Montgomery
  • Teva Pharmaceutical Industries Limited - Receive News & Ratings Daily

Teva Pharmaceutical now has $18.86 billion valuation. The stock rose 4.19% or $0.77 reaching $19.27 per share. 6,077,475 shares of the company traded hands.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) recorded a trading volume of 98.31 million shares, above its 90-day volume average of 16.58 million shares. It has underperformed by 58.40% the S&P500.The move comes after 5 months positive chart setup for the $18.94B company.

Stock has got OUTPERFORM rating from 5 analyst (s) whereas last month 5 analyst (s) have given outperform rating. The Minneapolis Portfolio Management Group Llc holds 596,624 shares with $21.63 million value, up from 513,859 last quarter. WFG Advisors LP increased its position in Teva Pharmaceutical Industries Limited by 2,650.1% during the 2nd quarter.

"Investors will like this news, as in addition to a good price for the asset, and the recent share decline has been likely due in part to investor worries that the debt burden is high", wrote David Maris, an analyst at Wells Fargo Securities in a client note.

Taking a closer look at the daily chart we can see that before the spike up TEVA had been in an overall downward trend dating back to July 26th when it traded at $33.04. Capital World Investors raised its stake in Teva Pharmaceutical Industries Limited by 41.9% in the second quarter. Therefore 27% are positive. (The) reaffirmed a neutral rating and set a $21.00 price objective (down previously from $28.00) on shares of Teva Pharmaceutical Industries Limited in a research report on Thursday, August 31st.

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Teva Pharmaceutical Industries Limited (TEVA) failed to surprise the stock market in its last reported earnings when it earned $1.02 a piece versus the consensus-estimated $1.06. The firm has "Hold" rating given on Wednesday, August 2 by Mizuho. The firm has "Hold" rating given on Friday, August 4 by Maxim Group. Jefferies maintained the stock with "Hold" rating in Thursday, June 22 report. Its up 0.62, from 0.79 in 2016Q3. It increased, as 30 investors sold LSTR shares while 95 reduced holdings. Mitsubishi Ufj Trust And Banking Corp, a Japan-based fund reported 264,425 shares. Ftb Advsrs Incorporated invested 0% of its portfolio in Wendys Co (NASDAQ:WEN). Aqr Capital Management Limited Liability Company accumulated 74,785 shares. Sun Life has invested 0% in PPG Industries, Inc. (NASDAQ:ULBI). Lsv Asset Mgmt owns 39,403 shares. Old Mutual (Uk) Limited stated it has 103 shares or 0% of all its holdings. Blb&B Advisors Limited Com has invested 0.15% in PPG Industries, Inc. Banc Funds Co Llc owns 36,941 shares or 0.06% of their United States portfolio. First Manhattan reported 526,863 shares. Nordea Inv Management holds 0% or 23,355 shares. AeroGrow International, Inc. (OTCMKTS:AERO) has 0.00% since September 11, 2016 and is. Broadridge Financial Solutions had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was upgraded by Guggenheim on Friday, December 4 to "Buy". The rating was downgraded by Goldman Sachs to "Neutral" on Tuesday, November 29. (NYSE:PPG) rating on Wednesday, November 25. Vetr has "Buy" rating and $10.14 target.

Among 12 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 8 Hold. Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Wednesday, August 19.

On August 24 the company was rated "Underperform" by Credit Suisse a cut from the previous "Market Perform" rating.

The Israel-based company ended a five-month CEO search after it said earlier Monday that Kare Schultz, from Denmark-based drugmaker H. Lundbeck A/S, would take over.

On August 7 the stock rating was downgraded from "Equal-Weight" to "Underweight" and a price target of $16.00 was set by Morgan Stanley.

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