Teva PharmaceuticalTEVACOMMENTMar 02, 2017Stock price when the opinion was issued
As of Jun 25, 2026. Market Open.
The demand of GLP remains strong, but as more generics enter the market, the prices of the GLPs will go down. If you bet on Teva, you expects GLP demand to remain strong. GLP will come in pill shape, and there will be more amazing drug discoveries. However, Teva isn't a very innovative company. He avoids pharma; it's too hard to determine who will be a winner.
HQ is in Israel. Large-cap pharma. Right now, #1-ranked in his ADR/CDR universe (international stocks with American/Canadian Depositary Receipts). We've seen rotation into drug stocks. Broke out over $21 in September and has kept right on going. Very strong accumulation for about 6 months now. No dividend.
(Analysts’ price target is $34.50)
Pharmaceuticals tend to do well during the summer. A bit more of a defensive play, but not during the past few years with all the political rhetoric going on. They tend to do well between May/June all the way through to October. That is the period that runs up to the cold and flu season creating increased shipments of pharmaceuticals. Looking at the past periods of seasonal strength, this company hasn’t been benefiting. It has been underperforming the market, and the trend is firmly lower. Its major moving averages are all trending lower. However, at around $32, it is trying to find a floor. If you are a nimble enough trader, you could play off the $32. The positive momentum divergence suggests that selling pressures are waning, so it could have an upside move here.