Quintiles Transnational Holdings Inc Sets New 1-Year High at $47.70 (Q)
Quintiles Transnational Holdings (NYSE:Q) set a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $47.70 and last traded at $47.38, with a volume of 273,121 shares. The stock had previously closed at $46.79.
Q has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of Quintiles Transnational Holdings from $3.00 to $55.00 in a research note to investors on Friday, December 20th. Separately, analysts at Deutsche Bank downgraded shares of Quintiles Transnational Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a $51.00 price target on the stock, down previously from $51.50. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $48.95.
Quintiles Transnational Holdings has a 52 week low of $40.10 and a 52 week high of $47.50. The stock has a 50-day moving average of $44.39 and a 200-day moving average of $44.00. The company has a market cap of $6.114 billion and a P/E ratio of 30.68.
Quintiles Transnational Holdings (NYSE:Q) last released its earnings data on Thursday, October 31st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Quintiles Transnational Holdings will post $2.06 earnings per share for the current fiscal year.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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