ICON plc Sets New 1-Year High at $41.29 (ICLR)
ICON plc (NASDAQ:ICLR)’s share price reached a new 52-week high during trading on Monday, Analyst Ratings.Net reports. The stock traded as high as $41.29 and last traded at $40.84, with a volume of 449,759 shares traded. The stock had previously closed at $40.54.
A number of analysts have recently weighed in on ICLR shares. Analysts at UBS AG initiated coverage on shares of ICON plc (NASDAQ:ICLR) in a research note to investors on Tuesday, September 17th. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of ICON plc (NASDAQ:ICLR) from $43.00 to $47.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of ICON plc (NASDAQ:ICLR) from $37.50 to $46.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $42.14.
ICON plc has a 52 week low of $23.05 and a 52 week high of $40.98. The stock’s 50-day moving average is $38.57 and its 200-day moving average is $35.33. The company has a market cap of $2.491 billion and a P/E ratio of 30.92.
ICON plc (NASDAQ:ICLR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05. The company had revenue of $334.20 million for the quarter, compared to the consensus estimate of $321.82 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts predict that ICON plc will post $1.62 earnings per share for the current fiscal year.
ICON public limited company (NASDAQ:ICLR) is a contract research organization (CRO), providing outsourced development services on a global basis to the pharmaceutical, biotechnology and medical device industries.
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