Prepare Yourself for Liftoff: Teva Pharmaceutical Industries Limited (TEVA)

Teva Pharmaceutical Industries Limited (NYSE: TEVA) stock jumped 28.37% on Friday to $9.14 against a previous-day closing price of $7.12. With 69.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.81 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $9.18 whereas the lowest price it dropped to was $8.21. The 52-week range on TEVA shows that it touched its highest point at $10.50 and its lowest point at $6.78 during that stretch. It currently has a 1-year price target of $10.07. Beta for the stock currently stands at 1.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TEVA was up-trending over the past week, with a rise of 26.07%, but this was up by 11.33% over a month. Three-month performance surged to 3.98% while six-month performance rose 7.15%. The stock gained 2.47% in the past year, while it has gained 14.11% so far this year. A look at the trailing 12-month EPS for TEVA yields -0.56 with Next year EPS estimates of 2.58. For the next quarter, that number is 0.56. This implies an EPS growth rate of 110.30% for this year and 4.45% for next year. EPS is expected to grow by 2.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 39.70%.

Float and Shares Shorts:

At present, 1.11 billion TEVA shares are outstanding with a float of 1.09 billion shares on hand for trading. On Apr 28, 2022, short shares totaled 16.89 million, which was 1.52% higher than short shares on Mar 30, 2022. In addition to Mr. Kare Schultz as the firm’s Pres, CEO & Director, Mr. Eliyahu Sharon Kalif serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 46.03% of TEVA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 31.52% of TEVA, in contrast to 15.94% held by mutual funds. Shares owned by individuals account for 0.14%. As the largest shareholder in TEVA with 11.90% of the stake, Capital Research & Management Co holds 132,165,515 shares worth 132,165,515. A second-largest stockholder of TEVA, BlackRock Fund Advisors, holds 32,386,342 shares, controlling over 2.92% of the firm’s shares. Abrams Capital Management LP is the third largest shareholder in TEVA, holding 24,046,356 shares or 2.17% stake. With a 6.46% stake in TEVA, the American Funds Investment Company is the largest stakeholder. A total of 71,716,329 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 1.80% of TEVA stock, is the second-largest Mutual Fund holder. It holds 19,999,112 shares valued at 150.39 million. Miller Opportunity Trust holds 0.74% of the stake in TEVA, owning 8,200,000 shares worth 61.66 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TEVA since 14 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TEVA analysts setting a high price target of $13.00 and a low target of $7.00, the average target price over the next 12 months is $9.89. Based on these targets, TEVA could surge 42.23% to reach the target high and fall by -23.41% to reach the target low. Reaching the average price target will result in a growth of 8.21% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TEVA will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of $2.58 being high and $2.42 being low. For TEVA, this leads to a yearly average estimate of $2.47. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Teva Pharmaceutical Industries Limited reported $0.68 EPS against a consensus estimate of $0.68. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is $0.66 and the low estimate is $0.58. The average estimate for the next quarter is thus $0.62.

Summary of Insider Activity:

Insiders traded TEVA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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