Taro Pharmaceutical Industries (TARO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Taro Pharmaceutical Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TARO shares.
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1 Wall Street research analysts have issued 12-month price targets for Taro Pharmaceutical Industries' shares. Their TARO share price forecasts range from $35.00 to $35.00. On average, they predict the company's stock price to reach $35.00 in the next year. This suggests that the stock has a possible downside of 8.0%.
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Taro Pharmaceutical Industries' stock was trading at $29.04 at the start of the year. Since then, TARO shares have increased by 31.0% and is now trading at $38.04.
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Taro Pharmaceutical Industries saw a increase in short interest in May. As of May 15th, there was short interest totaling 69,200 shares, an increase of 24.2% from the April 30th total of 55,700 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Taro Pharmaceutical Industries Ltd. (NYSE:TARO) announced its quarterly earnings data on Thursday, October, 28th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by $0.36. The business earned $131.99 million during the quarter, compared to analysts' expectations of $153.23 million. Taro Pharmaceutical Industries had a trailing twelve-month return on equity of 1.48% and a net margin of 4.44%. During the same period last year, the company earned $1.18 EPS.

ETFs with the largest weight of Taro Pharmaceutical Industries (NYSE:TARO) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL) and iShares MSCI Israel ETF (EIS).VanEck Israel ETF (ISRA).

11 employees have rated Taro Pharmaceutical Industries Chief Executive Officer Uday Baldota on Glassdoor.com. Uday Baldota has an approval rating of 19% among the company's employees. This puts Uday Baldota in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Taro Pharmaceutical Industries investors own include Gilead Sciences (GILD), Bausch Health Companies (BHC), Broadcom (AVGO), Pfizer (PFE), Teva Pharmaceutical Industries (TEVA), Skyworks Solutions (SWKS), GW Pharmaceuticals (GWPH), Delta Air Lines (DAL), Jazz Pharmaceuticals (JAZZ) and Southwest Airlines (LUV).

Taro Pharmaceutical Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "TARO."

Taro Pharmaceutical Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include Krensavage Asset Management LLC (1.71%), Renaissance Technologies LLC (1.59%), Dimensional Fund Advisors LP (1.52%), Brandes Investment Partners LP (1.23%), Hotchkis & Wiley Capital Management LLC (0.76%) and Acadian Asset Management LLC (0.69%).

Shares of TARO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TARO stock can currently be purchased for approximately $38.04.

Taro Pharmaceutical Industries (NYSE:TARO) has a market capitalization of $1.43 billion and generates $572.95 million in revenue each year. The company earns $25.44 million in net income (profit) each year or $0.67 on an earnings per share basis.

The company employs 1,455 workers across the globe.

Taro Pharmaceutical Industries' mailing address is 14 HAKITOR ST PO BOX 10347, HAIFA BAY L3, 10532. The official website for the company is www.taro.com. The company can be reached via phone at (724) 847-5700, via email at investorrelations@taro.com, or via fax at 914-345-6169.