Takeda Pharmaceutical (NYSE:TAK) Stock Rating Lowered by Zacks Investment Research

Wednesday, September 15, 2021 | MarketBeat

Takeda Pharmaceutical (NYSE:TAK) was downgraded by Zacks Investment Research from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, "Takeda Pharmaceutical Company Limited operates as a research-based pharmaceutical company, engaged in manufacturing, marketing, and importing/exporting pharmaceutical drugs. Takeda's core business comprise of ethical drugs and its portfolio includes lansoprazole for the treatment of peptic ulcers, leuprolide acetate for the treatment of prostate cancer and endometriosis, pioglitazone hydrocholoride for the treatment of diabetes, and candesartan cilexetil for the treatment of hypertension. The Company promotes enhancing R&D pipeline, while concentrating its management resources to the four core therapeutic areas: lifestyle-related diseases, oncology and urological diseases, central nervous system disease and gastroenterological diseases. It operates in two segments- Ethical drug business and Consumer healthcare business. Consumer healthcare business provides Alinamin (vitamin B1 derivative preparations, etc.), Benza (cold remedies). Takeda Pharmaceutical Company Limited is headquartered in Osaka, Japan. "

NYSE TAK opened at $16.75 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.51. The firm's 50 day moving average price is $16.76 and its 200-day moving average price is $17.19. Takeda Pharmaceutical has a 52-week low of $15.30 and a 52-week high of $19.97. The company has a market cap of $53.01 billion, a PE ratio of 11.47 and a beta of 1.05.

Takeda Pharmaceutical (NYSE:TAK) last released its quarterly earnings data on Friday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $8.68 billion for the quarter. Takeda Pharmaceutical had a net margin of 14.69% and a return on equity of 13.00%. On average, analysts forecast that Takeda Pharmaceutical will post 2.18 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TAK. Russell Investments Group Ltd. purchased a new position in shares of Takeda Pharmaceutical in the second quarter worth $3,671,000. Catalyst Capital Advisors LLC raised its holdings in shares of Takeda Pharmaceutical by 27.2% in the first quarter. Catalyst Capital Advisors LLC now owns 112,300 shares of the company's stock worth $2,051,000 after buying an additional 24,000 shares during the last quarter. Glenview Capital Management LLC raised its holdings in shares of Takeda Pharmaceutical by 5.5% in the first quarter. Glenview Capital Management LLC now owns 16,104,222 shares of the company's stock worth $294,063,000 after buying an additional 843,710 shares during the last quarter. HRT Financial LP purchased a new position in shares of Takeda Pharmaceutical in the first quarter worth $1,439,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Takeda Pharmaceutical by 42.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,923 shares of the company's stock worth $601,000 after buying an additional 9,852 shares during the last quarter. Institutional investors own 2.99% of the company's stock.

Takeda Pharmaceutical Company Profile

Takeda Pharmaceutical Co, Ltd. engages in the research and development, manufacture, import and export sale, and marketing of pharmaceutical drugs. It operates through the following segments: Prescription Drug, Consumer Healthcare, and Other. The Prescription Drugs segment includes the manufacture and sale of pharmaceutical products.

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