ICON plc Upgraded to Outperform by Zacks (ICLR)
ICON plc (NASDAQ:ICLR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, AnalystRatings.Net reports. The firm currently has a $49.70 price target on the stock. Zacks‘ price target indicates a potential upside of 6.42% from the company’s current price.
A number of other firms have also recently commented on ICLR. Analysts at Jefferies Group raised their price target on shares of ICON plc from $46.00 to $56.00 in a research note on Friday. Analysts at ISI Group raised their price target on shares of ICON plc from $50.50 to $57.00 in a research note on Thursday. They now have a “strong-buy” rating on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $49.34.
ICON plc (NASDAQ:ICLR) traded up 1.02% on Monday, hitting $47.176. The stock had a trading volume of 290,399 shares. ICON plc has a 52-week low of $29.07 and a 52-week high of $50.00. The stock’s 50-day moving average is $42.68 and its 200-day moving average is $40.19. The company has a market cap of $2.887 billion and a P/E ratio of 28.30.
ICON plc (NASDAQ:ICLR) last announced its earnings results on Thursday, February 20th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.08. The company had revenue of $345.00 million for the quarter, compared to the consensus estimate of $339.86 million. On average, analysts predict that ICON plc will post $2.14 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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