Insider Selling: Anita Cooper Unloads 2,500 Shares of PAREXEL International Corp. Stock (PRXL)
PAREXEL International Corp. (NASDAQ:PRXL) VP Anita Cooper sold 2,500 shares of the stock on the open market in a transaction dated Thursday, February 20th. The shares were sold at an average price of $53.00, for a total value of $132,500.00. Following the completion of the transaction, the vice president now directly owns 23,286 shares in the company, valued at approximately $1,234,158. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
PRXL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of PAREXEL International Corp. in a research note on Tuesday, February 18th. They set a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of PAREXEL International Corp. from $48.00 to $52.00 in a research note on Thursday, January 30th. They now have an “overweight” rating on the stock. Finally, analysts at ISI Group upgraded shares of PAREXEL International Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. They now have a $56.00 price target on the stock, up previously from $53.00. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $52.38.
Shares of PAREXEL International Corp. (NASDAQ:PRXL) traded up 1.20% on Monday, hitting $53.84. The stock had a trading volume of 240,741 shares. PAREXEL International Corp. has a one year low of $33.71 and a one year high of $55.02. The stock has a 50-day moving average of $48.66 and a 200-day moving average of $47.33. The company has a market cap of $3.047 billion and a P/E ratio of 27.05.
PAREXEL International Corp. (NASDAQ:PRXL) last released its earnings data on Thursday, January 30th. The company reported $0.49 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.49. The company had revenue of $487.10 million for the quarter, compared to the consensus estimate of $479.49 million. During the same quarter last year, the company posted $0.41 earnings per share. PAREXEL International Corp.’s revenue was up 15.4% compared to the same quarter last year. Analysts expect that PAREXEL International Corp. will post $2.06 EPS for the current fiscal year.
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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