U.S. Markets close in 3 hrs 19 mins

Vetr Issues Strong Buy As Teva Trends Down

Chris Dier-Scalise

The Vetr crowd on Thursday upgraded its rating for Teva Pharmaceutical Industries Limited (ADR) (NYSE: TEVA) from 3.5 stars (Buy), issued 15 days ago, to 4.5 stars (Strong Buy). Crowd sentiment at the time of the downgrade was mostly bullish, with 81 0percent of Vetr user ratings bullish.

Share price in the biotech company has been on the downtrend throughout most of 2017, experiencing small price bumps following average earnings reports in February and May, the latter of which revealed the company was $30 million shy of analyst sales estimates, but delivered $0.03 over the quarter's EPS estimate.

However, the stock has resumed its downward path, reaching a new 10-year low of $29.67 by the end of May 18.

Learn how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for Teva is up at 34.25, which is still below the average analyst target price of $45.47. Less than 2 percent of Vetr users are holding TEVA in their watch lists.

Latest Ratings for TEVA

Date Firm Action From To
Feb 2017 Argus Downgrades Hold
Feb 2017 Mizuho Downgrades Neutral Underperform
Jan 2017 Bank of America Upgrades Neutral Buy

View More Analyst Ratings for TEVA
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.