Teva Pharmaceutical: Talk About a Good Hire!

Lundbeck plunges as Teva poaches its CEO

Teva Pharmaceutical Adr now has $19.41 billion valuation. The stock of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has "Buy" rating given on Thursday, July 14 by Jefferies.

Schultz takes up the CEO position at Teva at a challenging time, with sales slumping and thousands of jobs culled as a result of pressure on its generic drugs business, mainly due to pricing pressure, and the lingering effect of losing patent protection for multiple sclerosis blockbuster Copaxone (glatiramer acetate).

Hills Bank & Trust Company, which manages about $284.64M US Long portfolio, upped its stake in Intercontinental Exchange Inc (NYSE:ICE) by 55,957 shares to 69,930 shares, valued at $3.95 million in 2016Q4, according to the filing. Finally, Alliancebernstein L.P. raised its stake in Teva Pharmaceutical Industries Limited by 32.3% in the second quarter. Teva Pharmaceutical Industries Limited's revenue for the quarter was up 12.9% compared to the same quarter past year. Cap Advisors Limited Ltd reported 0% in Wendys Co (NASDAQ:WEN). Focused Wealth Mngmt Incorporated invested in 0.01% or 1,673 shares.

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. Hills Bank & Trust Company sold 25,870 shares as the company's stock declined 15.11% while stock markets rallied. They now have a United States dollars 19 price target on the stock. The correct version of this article can be read at https://stocknewstimes.com/2017/09/12/teva-pharmaceutical-industries-limited-teva-given-a-17-00-price-target-by-cantor-fitzgerald-analysts.html.

The company has lost market value and investor confidence in the months-long search for a new top executive who would come up with a plan to address Teva's challenges in its USA generic drug business and large debt from the $40 billion acquisition of Allergan's generics business in 2015. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by $0.07.

Teva Pharmaceutical Industries Limited, launched on February 13, 1944, is a pharmaceutical company. While in the same Quarter Previous year, the Actual EPS was $1.31.


He will be taking over from Teva's current interim CEO, Dr. Yitzhak Peterburg, once his family officially relocates to Israel. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. Teva Pharmaceutical Industries Limited's dividend payout ratio is presently -15.36%. Teva Pharmaceutical Industries Limited's dividend payout ratio (DPR) is now 67.44%.

Analysts from Maxim and Oppenheimer weigh in. First City Capital Management Inc acquired 14,635 shares as Teva Pharmaceutical Inds (TEVA)'s stock declined 15.11%. Finally, ValuEngine lowered shares of Teva Pharmaceutical Industries Limited from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Vetr upgraded shares of Teva Pharmaceutical Industries Limited from a buy rating to a strong-buy rating and set a $34.25 target price on the stock in a research report on Wednesday, May 17th.

On August 7 the company was downgraded to "Underweight" from "Equal-Weight" with a current price target of $16.00 in a report from Morgan Stanley. SELL rating has been given by 0 analyst (s) and 4 analyst (s) given BUY rating to the stock.

For the past 5 years, Teva Pharmaceutical Industries Limited's EPS growth has been almost -53%. Aqr Capital Management Limited Liability Company accumulated 74,785 shares.

Teva Chairman Sol Barer told The Wall Street Journal that Schultz brings a full set of necessary skills: global pharmaceutical experience, a restructuring background and knowledge of generic and specialty medicines.

One key initial decision for Schultz, who will be paid a base salary of $2 million a year plus various bonuses and stock options and is getting a $20 million signing-on fee, will be to decide whether to maintain Teva as both a generics and specialty drugmaker, split it in two or get out of low-margin, high competition generics. It has a global portfolio of approximately 1,000 molecules.

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