Cantor Fitzgerald analyst Louise Chen maintained a Hold rating on Teva Pharma (NYSE: TEVA) yesterday and set a price target of $25. The company’s shares closed yesterday at $22.85.
Chen said:
“We rate TEVA 12-month price target of $25. We like Teva’s stock and believe that there is a lot of value to be unlocked, but that it will take time for new leadership to return the business to growth. Valuation Summary We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $25.”
According to TipRanks.com, Chen is ranked 0 out of 5 stars with an average return of -8.0% and a 38.9% success rate. Chen covers the Healthcare sector, focusing on stocks such as Bausch Health Companies Inc, Aridis Pharmaceuticals Inc, and Melinta Therapeutics Inc.
Currently, the analyst consensus on Teva Pharma is a Moderate Buy with an average price target of $24.
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The company has a one-year high of $25.96 and a one-year low of $10.85. Currently, Teva Pharma has an average volume of 10.08M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.
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Teva Pharmaceutical Industries Ltd. is a global pharmaceutical company, which engages in development, production and marketing of drugs, generic drugs, over-the-counter drugs, active ingredients for the pharmaceutical industry (APIs) and therapeutic products. It operates through two segments: Generic Medicines and Specialty Medicines.
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