Harbour Capital Advisors LLC's holdings in Teva Pharmaceutical Industries were worth $1,975,000 as of its most recent SEC filing. Schulhoff & Co. Inc. now owns 11,601 shares of the company's stock valued at $372,000 after buying an additional 1,004 shares during the period. Lincluden Management Ltd. increased its position in Teva Pharmaceutical Industries Limited by 7.8% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,332 shares of the company's stock valued at $267,000 after buying an additional 32 shares during the last quarter.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) last released its earnings results on Thursday, August 3rd.
The company's consensus rating on Reuter's scale remained unchanged from 2.21 to 2.21 during a month.
Teva then countersued, alleging fraud and breach of contract and claimed that the, "defendants lied and concealed exceptional legal violations in order to receive $2.3 billion for the sale of the company and its IP".
Generics comprise the lion's share of Teva's sales, and will likely become more important as branded drugs like Copaxone face competition. The stock decreased 24.00% or $7.5 during the last trading session, reaching $23.75.
Yesterday, Teva Pharmaceuticals Industries Ltd (NYSE:TEVA) reported second-quarter financial results that fell short of Wall Street forecasts - driving the company's stock down 24 percent by the time the closing bell rang.
Its 52-week range quite noticeable, lower range was $-10.16% and hit highest level of $-62.43%. The company has a market capitalization of $21.09 billion, a P/E ratio of 266.1423 and a beta of 0.46. Teva Pharmaceutical Industries Ltd has a 12-month low of $23.33 and a 12-month high of $55.79. Teva Pharmaceutical Industries Limited also saw some unusual options trading on Thursday. Stock traders acquired 66,716 put options on the stock. This is an increase of approximately 864% compared to the typical volume of 6,922 put options. The company reported $1.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by $0.04. The value of the investment in Teva Pharmaceutical Industries went from $1,615,000 to $1,830,000 a change of 13.3% since the last quarter.
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R&D for generic drugs amounted to $200 million in the second quarter, up 49%, compared with $134 million in the corresponding quarter of the preceding year, mainly as a result of the consolidation of R&D expenses of Actavis Generics. During the same quarter in the previous year, the business earned $1.25 EPS.
Teva missed estimates for both earnings per share and revenue, and interim CEO Yitzhak Peterburg blamed the poor performance on a saturation of the USA generic drug market. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of worldwide copyright laws. If you are viewing this article on another website, it was stolen and republished in violation of US & global copyright & trademark legislation.
TEVA has been the subject of several research reports. Bank of America upgraded Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) on Tuesday, January 31 to "Buy" rating.
The biggest institutional shareholders in Teva Pharmaceutical Industries Limited include Allergan PLC which owns 100 million shares in the company valued at $5.04 B million. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock.
Yesterday, Cantor Fitzgerald told investors that it was reducing its price target on Teva's stock from $31.00 to $27.00 - while reiterating a Neutral rating.
The pharmaceutical company, based in Petach Tikva, Israel, is the world's largest producer of generic medicines.