PAREXEL International Corp. COO Sells $320,827 in Stock (PRXL)
PAREXEL International Corp. (NASDAQ:PRXL) COO Mark Goldberg sold 6,901 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $46.49, for a total transaction of $320,827.49. Following the completion of the sale, the chief operating officer now directly owns 118,617 shares in the company, valued at approximately $5,514,504. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PAREXEL International Corp. (NASDAQ:PRXL) traded up 0.84% during mid-day trading on Friday, hitting $46.88. The stock had a trading volume of 364,431 shares. PAREXEL International Corp. has a 52 week low of $31.23 and a 52 week high of $55.02. The stock’s 50-day moving average is $42.81 and its 200-day moving average is $47.28. The company has a market cap of $2.649 billion and a price-to-earnings ratio of 25.60.
PAREXEL International Corp. (NASDAQ:PRXL) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $449.20 million for the quarter, compared to the consensus estimate of $458.94 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts predict that PAREXEL International Corp. will post $2.03 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PRXL shares. Analysts at Thomson Reuters/Verus upgraded shares of PAREXEL International Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at Ned Davis Research upgraded shares of PAREXEL International Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 23rd. Finally, analysts at Deutsche Bank initiated coverage on shares of PAREXEL International Corp. in a research note to investors on Wednesday, November 20th. They set a “hold” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. PAREXEL International Corp. presently has a consensus rating of “Hold” and an average target price of $49.90.
PAREXEL International Corporation (NASDAQ:PRXL) is a biopharmaceutical services company, providing a range of expertise in clinical research, medical communications, consulting, and advanced technology products and services to the worldwide pharmaceutical, biotechnology, and medical device industries.
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