Quintiles Transitional Holdings Inc. (IQV) Receives Average Recommendation of “Buy” from Brokerages

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.

TRADEMARK VIOLATION WARNING: “Quintiles Transitional Holdings Inc. (IQV) Receives Average Recommendation of “Buy” from Brokerages” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/quintiles-transitional-holdings-inc-iqv-receives-average-recommendation-of-buy-from-brokerages.html.

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.

Analyst Recommendations for Quintiles Transitional Holdings (NYSE:IQV)

Receive News & Ratings for Quintiles Transitional Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quintiles Transitional Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply