Generic drugs giant Teva warns on 2018 citing U.S. market

Teva Says 2018 Profit Will Keep Falling as Generic Drug Slump Persists

The company also forecast earnings per share of $2.25 to $2.5 compared to 44.01 in 2017. Oppenheimer maintained it with "Buy" rating and $43 target in Friday, April 7 report. Ing Groep Nv who had been investing in Jabil Inc for a number of months, seems to be less bullish one the $4.45B market cap company.

Teva Pharmaceutical Industries (NYSE:TEVA)'s stock had its "hold" rating reiterated by Maxim Group in a research report issued to clients and investors on Monday, January 22nd.

The share price Teva Pharmaceuticals tumbled after it published guidance for 2018. Analyst's mean target price for TEVA is $19.48 while analysts mean recommendation is 3.00. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of "Hold" and an average price target of $21.54.

For 2018, Teva forecast revenue of $18.3 billion to $18.8 billion, down from $22.4 billion in 2017, and EPS ex-items of $2.25 to $2.50, down from $4.01. The company's stock had a trading volume of 18,416,156 shares, compared to its average volume of 18,713,648.

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Teva Pharmaceutical Industries Limited (NYSE:TEVA) last posted its earnings results on Thursday, August 3rd. The firm has a market capitalization of $20,726.40, a PE ratio of -3.24, a P/E/G ratio of 1.48 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) now has a Weekly Volatility of 5.30% percent while its Monthly Volatility is at 4.53% percent. The hedge fund run by Christopher Pucillo held 119,157 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.10M, up from 62,743 at the end of the previous reported quarter. Morgan Stanley upgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) on Friday, December 15 to "Hold" rating. The business had revenue of $5.46 billion during the quarter, compared to analysts' expectations of $5.29 billion. While, the analyst predicted that the company could provide an EPS of $1.04/share. (The) restated a neutral rating and set a $21.00 target price (down from $28.00) on shares of Teva Pharmaceutical Industries Limited in a research report on Thursday, August 31st. It increased, as 53 investors sold CBS shares while 225 reduced holdings. Finally, Bank of Nova Scotia grew its holdings in shares of Teva Pharmaceutical Industries by 8.3% in the second quarter.

Focused Investors Llc, which manages about $2.82 billion and $2.36 billion US Long portfolio, decreased its stake in Cvs Health Corporation (NYSE:CVS) by 49,400 shares to 1.66M shares, valued at $135.23M in 2017Q3, according to the filing. San Francisco Sentry Investment Group CA acquired a new stake in Teva Pharmaceutical Industries in the 2nd quarter worth approximately $106,000. Swiss National Bank now owns 3,523,499 shares of the company's stock worth $66,770,000 after buying an additional 32,000 shares in the last quarter. If you are reading this report on another website, it was illegally copied and reposted in violation of U.S. & global trademark and copyright laws. The original version of this news story can be accessed at The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. This, combined with the company's restructuring and speciality drug launches, would enable Teva to offset most of the decline in Copaxone revenue and return to growth.

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