As shares plunge, Teva sees 7000 layoffs by year's end

Teva Pharmaceutical Industries the world's biggest generic drugmaker and Israel's largest company is seen in Jerusalem

Several other research analysts have also issued reports on TEVA. For the past 5 years, the company's revenue has grown 3.6%, while the company's earnings per share has grown -53%. Jefferies Group LLC restated a hold rating and issued a $33.00 price objective on shares of Teva Pharmaceutical Industries in a research note on Friday, June 23rd. Eqis Capital Management Inc.'s holdings in Teva Pharmaceutical Industries Limited were worth $364,000 as of its most recent filing with the SEC. Analyst's mean target price for TEVA is $36.83 while analysts mean recommendation is 2.50. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. The company now has an average rating of Hold and an average price target of $42.89. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since August 3, 2016 and is downtrending. The firm has a market capitalization of $24.13 billion, a PE ratio of 304.49 and a beta of 0.46. Teva Pharmaceutical Industries has a 52 week low of $23.33 and a 52 week high of $55.79.

For the Current Quarter, the growth estimate for Teva Pharmaceutical Industries Limited is -15.2%, while for the Next Quarter the stock growth estimate is -4.6%. The market was so bad, that Teva took a $6.1 billion impairment charge related to the US generics reporting unit for the quarter. Now the P/E of Teva Pharmaceutical Industries Limited (TEVA) stands at 224.06.

Teva posted earnings per share of $1.02, compared to $1.06 per share that analysts expected on average.

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. On average, analysts forecast that Teva Pharmaceutical Industries Limited will post $4.65 EPS for the current fiscal year.




WARNING: "Teva Pharmaceutical Industries Limited's (TEVA) "Hold" Rating Reiterated at Maxim Group" was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and reposted in violation of USA and global copyright legislation.

A number of hedge funds have recently added to or reduced their stakes in the stock.

Teva said the second quarter 2017 dividend would be 8.5 cents, down 75% from 34 cents in the first quarter of 2017. Sii Investments Inc. WI now owns 6,739 shares of the company's stock valued at $214,000 after buying an additional 25 shares during the last quarter. Piper Jaffray maintained the shares of TEVA in report on Friday, July 14 with "Hold" rating. Heritage Investors Management Corp now owns 188,990 shares of the company's stock valued at $6,065,000 after buying an additional 28,135 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in Teva Pharmaceutical Industries Limited by 0.4% in the first quarter. Bank Hapoalim BM now owns 11,673 shares of the company's stock valued at $375,000 after buying an additional 980 shares during the period. Teva Pharmaceutical Industries Limited also was the target of some unusual options trading activity on Thursday. Schulhoff & Co. Inc. boosted its stake in Teva Pharmaceutical Industries by 9.5% in the first quarter. Teva Pharmaceutical Industries Limited presently has an average rating of "Hold" and an average target price of $42.23. The company also recently lost a big patent case for its top-selling drug Copaxone, which moved investors to call for a management changes.

Acting Teva CEO Dr. Yitzhak Peterburg addressed the reports, explaining that the company had not expected such poor results and pointed to the crisis in Venezuela as part of the problem.

Related news:

Hot News

isis-killer-beheading-video-story-top Bolt raring for final show
Aug 04, 2017 - 00:35
On Tuesday evening, Bolt once again singled out Van Niekerk as one of the athletes to become the new poster child of the sport. Championships, he was beaten by 35-year-old Gatlin, who told Reuters that "it is back to the old Justin, like 2004".

isis-killer-beheading-video-story-top US Issues Ban Prohibiting Its Citizens From Traveling To North Korea
Aug 04, 2017 - 00:31
On Tuesday, Mr Tillerson appeared to try to clarify the USA stance, saying: "We have been very clear with the Chinese". Signed by Secretary of State Rex Tillerson on July 21, the measure officially goes into effect on Sep.

isis-killer-beheading-video-story-top Teen texting manslaughter verdict could face a legal challenge
Aug 04, 2017 - 00:31
The verdict sent immediate shockwaves across the country and drew opposing stances from experts in the legal community. Joseph Cataldo , her defense lawyer, declined to provide a comment to BuzzFeed News before the sentencing.

isis-killer-beheading-video-story-top Dow Jones industrials break above 22000
Aug 03, 2017 - 01:09
The Dow Jones Industrial Average extended its winning streak Tuesday, putting it on track for another major milestone. It is up 236% since its bear market low of 6547.05, which means a $10,000 investment would be worth $33,600 now.

isis-killer-beheading-video-story-top China to Trump: stop with the "emotional venting" on Twitter
Aug 03, 2017 - 01:07
Schumer's request comes amid increasing United States concerns about the threat of North Korea's nuclear and missile programs. North Korean leader Kim Jong Un continues to test missiles, and that is testing the global community.

isis-killer-beheading-video-story-top Doklam standoff: India refutes Chinese claims
Aug 03, 2017 - 01:03
China and Bhutan both claim Doklam even as the two countries along with India do not agree where their borders meet. China also indicated that the two sides are in touch to resolve the dispute in the Sikkim sector of the border.

isis-killer-beheading-video-story-top Trump & Senators Make Immigration Policy Announcement
Aug 03, 2017 - 00:59
The point of this new system is to ensure that immigrants coming to the USA will not hurt low-skilled workers. Immigration reform was a centrepiece of Mr Trump's presidential campaign.

isis-killer-beheading-video-story-top Kenyan Election Official Found Dead Ahead Of Presidential Vote
Aug 02, 2017 - 00:51
Msando was found dead a day after police killed an intruder at Deputy President William Ruto's home after an 18-hour siege. Local media reported that Msando told police he had received death threats before going missing last week.

isis-killer-beheading-video-story-top Alabama escapees used peanut butter in jailbreak
Aug 02, 2017 - 00:50
Underwood also acknowledged that the jail needs some improvement, such as installing more monitors and cameras. A prison inmate is still on the run after leading a jailbreak that was aided by the use of peanut butter .

isis-killer-beheading-video-story-top 'Bachelorette Men Tell All': Kenny King's daughter steals the show
Aug 02, 2017 - 00:49
Garrett said that he was there to learn and that despite his mistakes, he was thankful for the guys that reached out to him. He says he needs "ocular evidence", and I guess Harrison obliges by showing a clip of DeMario admitting he was dating Lexi.

isis-killer-beheading-video-story-top Pence pledges support for Georgia, condemns Russian moves
Aug 02, 2017 - 00:48
The tiny Balkan nation won praise from Washington for joining despite pressure against the move from Russian Federation . An Armenian army platoon is taking in part in USA -led multinational military exercises that began in Georgia on Sunday .

isis-killer-beheading-video-story-top Nearly 500 on trial over Turkey's failed coup
Aug 02, 2017 - 00:47
A total of 461 suspects jailed pending trial were brought to the courthouse, handcuffed and each flanked by two gendarme officers. Hundreds of people stood trial in in a makeshift Turkish court today accused of leading last year's failed military coup .

isis-killer-beheading-video-story-top David Rudisha pulls out of World Championships with muscle strain
Aug 02, 2017 - 00:46
Rudisha's tweet was accompanied by a photo of his injured leg with strapping on it. Chris Baker will not be representing GB in the World Athletics Championships.

isis-killer-beheading-video-story-top Owning Surface just got easier with the new Surface Plus Program
Aug 02, 2017 - 00:45
The Surface Plus for Business program offers enterprise-grade services and support, and the other benefits as seen below. The push to boost Surface adoption comes amid declining sales of Microsoft hardware for the past three quarters.

isis-killer-beheading-video-story-top Putin Put All His Money on Trump: It's Not Going So Well
Aug 02, 2017 - 00:44
The State Department inspector general's report from 2013 showed that there were 934 "locally employed" staff in a total of 1,279. Russian Federation has called on the United States to show "political will" to improve relations between the two countries.