Maxim Group Reaffirms "Hold" Rating for Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Teva's Quarter Earnings Miss Guidance Cut Dividend Devastated

The value of the company's investment in Teva Pharmaceutical Industries decreased from $12,726,000 to $9,728,000 decreasing 23.6% for the reporting period. Harel Insurance Investments & Financial Services Ltd. now owns 1,435,505 shares of the company's stock valued at $46,065,000 after buying an additional 1,435,151 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Teva Pharmaceutical Industries Limited during the first quarter valued at approximately $123,000.

Teva Pharmaceutical Industries Limited (TEVA) opened at 23.75 on Friday. Bank Hapoalim BM now owns 11,673 shares of the company's stock worth $375,000 after buying an additional 980 shares during the last quarter. Lincluden Management Ltd. increased its position in Teva Pharmaceutical Industries by 7.8% in the fourth quarter. Cribstone Capital Management LLC now owns 3,141 shares of the company's stock valued at $101,000 after buying an additional 100 shares during the period.

Recent session action on shares of Newell Brands Inc. Investors measure stock performance on the basis of a company's earnings power. 39,726,720 shares of the company were exchanged.

Teva Pharmaceutical Industries Limited (TEVA) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. The company has a 50-day moving average of $32.05 and a 200 day moving average of $32.28. The FDA has also accepted the Biologics License Applications that Teva has submitted for review with its partner, Celltrion, Inc., for biosimilar versions of both Rituxan and Herceptin.

Given the disappointing quarterly results, slashed dividend, hard operating conditions, and lowered guidance, it is easy to understand why traders are mauling the company's stock today. This represents an increase of approximately 864% compared to the typical volume of 6,922 put options. Cribstone Capital Management LLC raised its stake in Teva Pharmaceutical Industries Limited by 3.3% in the first quarter.

Israeli drugs group Teva Pharmaceutical Industrial Industries reported a steeper than expected 18.4 percent drop in second-quarter earnings on Thursday, due to weaker prices in the United States, and cut its interim dividend by 75 percent. The Return on Equity (ROE) value stands at 0.3%. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

China knocks Trump's tweets: 'Emotional venting' can not become policy
If Trump's plan is to take real military action against North Korea , he will need the guidance and support of a John Kelly . According to Vzglyad columnist Petr Akopov, the North Korean issue initially emerged as a tool for blackmail against China.

China issues position document on Indian border troop trespass
It alleged that India had trespassing into Doklam region, which China sees as its territory but India and Bhutan see as Bhutanese. It asserted that "China will take all necessary measures to safeguard its legitimate and lawful rights and interests".

Bitcoin Split 2017: What Is Bitcoin Cash?
Now the price is down 8 percent to a low of $2700 as people sit and wait for the fork's outcome to commence. How are you watching today's events? Let us know what you like about Geek by taking our survey .

Adjusted net income fell 20% to $1.0 billion, or $1.02 per share, a figure that also fell short of the $1.06 that market-watchers had predicted.

Specialty revenue dropped 9% during the quarter. On average, equities analysts forecast that Teva Pharmaceutical Industries Limited will post $4.65 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of global copyright laws. Teva Pharma had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The company now has an average rating of Hold and a consensus target price of $42.23. The stock has a consensus rating of "Hold" and an average target price of $42.23.

RBC Capital Markets cut its rating on Teva to Outperform earlier today, and cut its price target from $37.00 to just $21.00.

Teva Pharmaceutical Industries Limited is a pharmaceutical company.

Among 26 analysts covering Teva Pharma (NYSE:TEVA), 10 have Buy rating, 0 Sell and 16 Hold. Teva Pharmaceutical Inds Ltd now has $22.61B valuation.

Related news:

Hot News

isis-killer-beheading-video-story-top More people living alone than ever before
Aug 04, 2017 - 00:40
In 2016, families with adult kids made up nearly 41 per cent of the families in Barrie, which is up from 35.2 per cent in 2011. More than 1 million children, or 19.2 per cent, were living in a single-parent family in 2016, up from 17.8 per cent in 2001.

isis-killer-beheading-video-story-top Medical Examiner Rules Death Accidental | Town of Ocean City, Maryland
Aug 04, 2017 - 00:38
Ashley O'Connor was walking on the beach alone early Monday morning and was later discovered with all but her arm under the sand. Anyone with information is asked to contact the Ocean City Police Department Major Crimes Unit at 410-723-6604.

isis-killer-beheading-video-story-top 2 missing after explosion at Minneapolis school levels building
Aug 04, 2017 - 00:35
Fire officials confirmed the explosion was caused by a gas line ruptured by contractors who were working on the building. The school released a statement saying all of its summer program students and staff "are accounted for and safe".

isis-killer-beheading-video-story-top The Last Jedi Gives "Amazing" Send Off — Star Wars
Aug 04, 2017 - 00:34
She had, at that stage, finished filming all her scenes for The Last Jedi . "Sadly, Carrie will not be in '[Episode] IX'". That's the same approach the Fast and the Furious franchise took with Paul Walker after his untimely death in 2013.

isis-killer-beheading-video-story-top Nikki Haley Warns UN Against Inaction in Wake of Iranian Rocket Launch
Aug 04, 2017 - 00:33
Security Council in a resolution that further says Iran is "called upon" not to undertake any ballistic missile related activity. Despite criticism of the nuclear deal, the USA administration has certified that Iran was in compliance with the agreement.

isis-killer-beheading-video-story-top WATCH Michelle Carter Sentencing In Teen Text Killer Case
Aug 04, 2017 - 00:33
Despite her own mental health struggles, Moniz said Carter had a responsibility to take action to stop a life-threatening risk. The Massachusetts Bar Association, however, said the conviction was well within the confines of the law. "While Mr.

isis-killer-beheading-video-story-top U.S. will "handle" North Korea
Aug 04, 2017 - 00:29
However, North Korea "will not be allowed to have a missile to hit America with a nuclear weapon on top", the senator said . He said China had a particular role to play, as it accounted for 90 per cent of trade with the Communist nation.

isis-killer-beheading-video-story-top Florida Confirms Sexually Transmitted Zika Case
Aug 03, 2017 - 01:08
Despite that, health officials have notified mosquito control and say they are conducting "mosquito reduction activities". In late 2015, the Caribbean confirmed its first case of the Zika virus , followed by a dramatic increase in 2016.

isis-killer-beheading-video-story-top Witness says teen opened airplane door quickly
Aug 03, 2017 - 01:06
A teenager was taken for a medical evaluation after he opened an emergency door on an plane in San Francisco . It's illegal for a passenger to open the door themselves, and it's unclear what charges he may face.

isis-killer-beheading-video-story-top 'Cash me ousside' teen Danielle Bregoli sentenced to 5 years probation
Aug 03, 2017 - 01:06
Danielle has been ordered to complete her probation in California, where's she's now living with her mum. It's controlled by an alleged management team that promotes absurd behavior for a 14-year-old child'.

isis-killer-beheading-video-story-top 'The Bachelorette' recap: The Men Tell All, and call out Lee
Aug 02, 2017 - 00:52
Either way, we're back in LA for Rachel's reunion with some of her season's suitors and Chris Harrison's newest haircut. Recently, it appears that Unglert has been throwing some shade Rachel Lindsay's way, as have friends of his ...

isis-killer-beheading-video-story-top Russian Federation vows further retaliation if U.S. advances sanctions
Aug 02, 2017 - 00:51
The statements by Putin come as President Trump is presented with a bill that received overwhelming bipartisan support in the U.S. While there's no official word on the number of U.S. diplomats who are in Russian Federation today, one official at Moscow's U.S.

isis-killer-beheading-video-story-top White House Calling for Tax Reform Consideration as Soon as October
Aug 02, 2017 - 00:49
One proposal would require companies with at least 500 workers to offer coverage, up from the Obama law's cutoff of 50 workers. Yet even the White House's focus turned Monday to a new horizon: revamping the tax code.

isis-killer-beheading-video-story-top Georgian opposition leaders meet with Mike Pence
Aug 02, 2017 - 00:49
Earlier, he met the presidents of Estonia, Latvia and Lithuania for talks on security and regional issues. Vice President Mike Pence addresses US and Georgian troops, who will participate in military exercises.

isis-killer-beheading-video-story-top 6 inmates still on the loose after 12 escape from Alabama jail
Aug 02, 2017 - 00:48
The almost 20-year-old facility now has 240 inmates, Underwood said. 'This young man was a weak link, and they knew it, ' he said. He hopes the last prisoner, 24 year old Brady Kirkpatrick, will be back in custody by the end of the day today.