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Quintiles Transnational Holdings (NYSE:Q) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,704,748 shares, a decrease of 35.9% from the March 14th total of 2,660,525 shares, American Banking reports. Based on an average trading volume of 875,916 shares, the short-interest ratio is presently 1.9 days. Approximately 3.0% of the shares of the company are sold short.

A number of analysts have recently weighed in on Q shares. Analysts at Jefferies Group raised their price target on shares of Quintiles Transnational Holdings to $58.00 in a research note on Thursday, April 10th. Separately, analysts at KeyCorp initiated coverage on shares of Quintiles Transnational Holdings in a research note on Wednesday, March 19th. They set a “hold” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Quintiles Transnational Holdings in a research note on Tuesday, February 18th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $51.95.

Quintiles Transnational Holdings (NYSE:Q) opened at 49.39 on Monday. Quintiles Transnational Holdings has a 52-week low of $40.10 and a 52-week high of $55.00. The stock has a 50-day moving average of $51.11 and a 200-day moving average of $47.58. The company has a market cap of $6.413 billion and a P/E ratio of 28.21.

Quintiles Transnational Holdings (NYSE:Q) last announced its earnings results on Wednesday, February 19th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.03. The company had revenue of $1.38 million for the quarter, compared to the consensus estimate of $980.64 million. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Quintiles Transnational Holdings will post $2.42 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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