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Analyst Buzz: Teva Pharmaceutical Industries Limited (TEVA)

Analyst Buzz: Teva Pharmaceutical Industries Limited (TEVA)

The health-care sector remains susceptible to regulatory risk, warned one brokerage, which recommended investors pick individual health-care stocks rather than seek broad exposure to the sector.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

While the generics side of Teva has structural issues to resolve, Schultz will also have to contend with dwindling sales of the firm's branded drugs business, where blockbuster multiple sclerosis drug Copaxone faces generic competition.

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Goldman Sachs maintained it with "Buy" rating and $80 target in Monday, August 10 report. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, November 16. The firm has "Neutral" rating by Citigroup given on Wednesday, August 16.

Teva Pharmaceutical Industries Limited (NYSE TEVA) opened at 15.50 on Monday. The company has a 50-day moving average of $20.66 and a 200 day moving average of $29.07.

Teva's situation worsened in the months since, as the company lowered its profit guidance and slashed its dividend. Three months later, the company unveiled a restructuring program aimed at cutting the total cost base by about DKK 3 billion ($480 million) in 2017. On average, equities research analysts anticipate that Teva Pharmaceutical Industries Limited will post $4.32 EPS for the current year. During the same period in the prior year, the firm earned $1.25 EPS. The business had revenue of $5.69 billion for the quarter, compared to analysts' expectations of $5.72 billion. Therefore 25% are positive. The firm's revenue for the quarter was up 12.9% compared to the same quarter a year ago.

Hills Bank & Trust Company decreased its stake in Teva Pharmaceutical Inds Spons (TEVA) by 62.43% based on its latest 2016Q4 regulatory filing with the SEC. If you are viewing this report on another website, it was illegally copied and republished in violation of USA and global copyright & trademark laws. If you are viewing this piece of content on another site, it was stolen and republished in violation of US and worldwide copyright legislation. North Run Capital Lp acquired 255,000 shares as Teva Pharmaceutical Inds Ltd (TEVA)'s stock declined 15.11%. Morgan Stanley maintained Landstar System, Inc. Meanwhile, top losers in the sector included Vonage Holdings Corp. Sterling Investment Advisors Ltd. now owns 3,900 shares of the company's stock worth $125,000 after acquiring an additional 100 shares in the last quarter. Airain Ltd acquired 36,808 shares as Teva Pharmaceutical Adr (TEVA)'s stock declined 15.11%. Any pivot to branded specialty growth will be a hard task given the company's limited branded pipeline and elevated leverage that limit options for business development, JPMorgan said. The Company operates through two segments: Generic medicines and Specialty medicines.

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