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Piper Sandler Sticks to Its Buy Rating for Teva Pharmaceutical (TEVA)

Tipranks - Tipranks - Thu Jul 9, 6:46AM CDT

Piper Sandler analyst David Amsellem reiterated a Buy rating on Teva Pharmaceutical today and set a price target of $42.00.

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Amsellem covers the Healthcare sector, focusing on stocks such as AbbVie, Amgen, and Teva Pharmaceutical. According to TipRanks, Amsellem has an average return of 15.1% and a 61.32% success rate on recommended stocks.

In a report released today, Barclays also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Teva Pharmaceutical’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.98 billion and a net profit of $369 million. In comparison, last year the company earned a revenue of $3.89 billion and had a net profit of $214 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEVA in relation to earlier this year. Last month, Matthew Shields, the EVP, Global Operations of TEVA sold 9,989.00 shares for a total of $321,545.91.

Read More on TEVA:

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