Quintiles Transnational Holdings Inc Reaches New 12-Month Low at $40.10 (Q)
Quintiles Transnational Holdings (NYSE:Q)’s share price reached a new 52-week low during trading hours on Thursday, AnalystRatingsNetwork reports. The company traded as low as $40.10 and last traded at $42.36, with a volume of 1,111,060 shares traded. The stock had previously closed at $43.38.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Quintiles Transnational Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $49.30 price target on the stock. Separately, analysts at Raymond James upgraded shares of Quintiles Transnational Holdings from an “outperform” rating to a “strong-buy” rating in a research note to investors on Wednesday, October 9th. They now have a $50.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Quintiles Transnational Holdings in a research note to investors on Monday, September 23rd. They set an “outperform” rating and a $52.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Quintiles Transnational Holdings currently has a consensus rating of “Buy” and a consensus target price of $48.52.
Quintiles Transnational Holdings has a 52-week low of $41.50 and a 52-week high of $47.50. The stock has a 50-day moving average of $43.84 and a 200-day moving average of $43.92. The company has a market cap of $5.413 billion and a price-to-earnings ratio of 29.94.
Quintiles Transnational Holdings (NYSE:Q) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.04. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $952.14 million. Quintiles Transnational Holdings’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Quintiles Transnational Holdings will post $2.01 EPS for the current fiscal year.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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