Quintiles Transnational Holdings Receives Average Recommendation of “Buy” from Analysts (NYSE:Q)
Quintiles Transnational Holdings (NYSE:Q) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are presently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $52.86.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Quintiles Transnational Holdings in a research note on Wednesday, June 4th. They set a “hold” rating and a $54.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Quintiles Transnational Holdings in a research note on Tuesday, May 6th. They now have a $56.00 price target on the stock, down previously from $60.00. Finally, analysts at Barclays raised their price target on shares of Quintiles Transnational Holdings from $55.00 to $58.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock.
Shares of Quintiles Transnational Holdings (NYSE:Q) traded down 0.70% on Tuesday, hitting $52.61. 34,807 shares of the company’s stock traded hands. 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 $49.60 and a 200-day moving average of $49.03. The company has a market cap of $6.847 billion and a P/E ratio of 25.97.
Quintiles Transnational Holdings (NYSE:Q) last announced its earnings results on Friday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.13. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.02 billion. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Quintiles Transnational Holdings will post $2.55 earnings per share for the current fiscal year.
In other Quintiles Transnational Holdings news, major shareholder Tpg Advisors Iii, Inc. sold 3,287,209 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $50.23, for a total transaction of $165,116,508.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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