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Teva Pharmaceutical Industries Limited (NYSE:TEVA) Declines -662.70% In 2023; Is It Attractive Enough At $10.59?

In last trading session, Teva Pharmaceutical Industries Limited (NYSE:TEVA) saw 8.82 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $10.59 trading at $0.03 or 0.28% at ring of the bell on the day assigns it a market valuation of $11.51B. That closing price of TEVA’s stock is at a discount of -8.03% from its 52-week high price of $11.44 and is indicating a premium of 33.05% from its 52-week low price of $7.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.25 million shares which gives us an average trading volume of 10.01 million if we extend that period to 3-months.

For Teva Pharmaceutical Industries Limited (TEVA), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.80. Splitting up the data highlights that, out of 13 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.62 in the current quarter.

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Teva Pharmaceutical Industries Limited (NYSE:TEVA) trade information

Upright in the green during last session for gaining 0.28%, in the last five days TEVA remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $10.59 price level, adding 0.66% to its value on the day. Teva Pharmaceutical Industries Limited’s shares saw a change of 16.12% in year-to-date performance and have moved 10.08% in past 5-day. Teva Pharmaceutical Industries Limited (NYSE:TEVA) showed a performance of 12.42% in past 30-days. Number of shares sold short was 16.9 million shares which calculate 1.88 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.38 to the stock, which implies a fall of -2.02% to its current value. Analysts have been projecting $8.00 as a low price target for the stock while placing it at a high target of $14.00. It follows that stock’s current price would drop -32.2% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.46% for stock’s current value.

Teva Pharmaceutical Industries Limited (TEVA) estimates and forecasts

Statistics highlight that Teva Pharmaceutical Industries Limited is scoring comparatively lower than the scores of other players of the relevant industry. The company added 24.59% of value to its shares in past 6 months, showing an annual growth rate of -9.92% while that of industry is 10.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 5.10% in the current quarter and calculating 1.40% increase in the next quarter. This year revenue growth is estimated to rise 1.40% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.72 billion for the same. And 8 analysts are in estimates of company making revenue of $3.91 billion in the next quarter that will end on Dec 2023. Company posted $3.83 billion and $3.88 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -3.00% while estimating it to be 0.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 34.30% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -662.70% while estimates for its earnings growth in next 5 years are of 1.60%.

TEVA Dividends

Teva Pharmaceutical Industries Limited is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Teva Pharmaceutical Industries Limited (NYSE:TEVA)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 49.63 percent of that, with stock having share float percentage of 49.63%. Investors also watch the number of corporate investors in a company very closely, which is 49.63% institutions for Teva Pharmaceutical Industries Limited that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TEVA for having 40.29 million shares of worth $303.38 million. And as of Jun 29, 2023, it was holding 3.59% of the company’s outstanding shares.

The second largest institutional holder is Phoenix Holdings Ltd., which was holding about 33.7 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.01% of outstanding shares, having a total worth of $253.79 million.

On the other hand, Fundamental Investors Inc and iShares Core MSCI EAFE ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 6.73 million shares of worth $50.69 million or 0.60% of the total outstanding shares. The later fund manager was in possession of 5.98 million shares on Jul 30, 2023, making its stake of worth around $50.27 million in the company or a holder of 0.53% of company’s stock.

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