Shares of Quintiles Transitional Holdings Inc. (NYSE:IQV) have been given a consensus rating of “Buy” by the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $102.16.
A number of research firms have weighed in on IQV. KeyCorp reissued a “sector weight” rating and set a $100.00 target price on shares of Quintiles Transitional Holdings in a report on Friday, November 10th. Morgan Stanley boosted their target price on shares of Quintiles Transitional Holdings from $96.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Mizuho lowered shares of Quintiles Transitional Holdings from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Thursday, November 9th. SunTrust Banks, Inc. reissued a “hold” rating and set a $114.00 target price on shares of Quintiles Transitional Holdings in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Friday, November 3rd.
In related news, insider Kevin C. Knightly sold 19,339 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the transaction, the insider now owns 40,650 shares in the company, valued at approximately $4,045,081.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $108.14, for a total transaction of $4,983,091.20. Following the transaction, the insider now owns 1,036,839 shares in the company, valued at approximately $112,123,769.46. The disclosure for this sale can be found here. Insiders have sold a total of 14,175,702 shares of company stock worth $1,361,299,848 in the last quarter. 6.40% of the stock is owned by corporate insiders.
Quintiles Transitional Holdings (IQV) traded up $0.02 on Friday, reaching $104.46. 690,163 shares of the company’s stock were exchanged, compared to its average volume of 1,473,805. Quintiles Transitional Holdings has a 52-week low of $71.90 and a 52-week high of $110.67. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.29. The company has a market cap of $22,073.81, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65.
Quintiles Transitional Holdings (NYSE:IQV) last posted its earnings results on Thursday, October 26th. The medical research company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Quintiles Transitional Holdings had a net margin of 0.58% and a return on equity of 12.60%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 77.6% compared to the same quarter last year. research analysts expect that Quintiles Transitional Holdings will post 4.62 EPS for the current fiscal year.
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Quintiles Transitional Holdings Company Profile
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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