Quintiles Transnational Holdings Hits New 12-Month High at $56.36 (Q)
Quintiles Transnational Holdings (NYSE:Q)’s share price reached a new 52-week high on Tuesday , AmericanBankingNews.com reports. The stock traded as high as $56.36 and last traded at $56.07, with a volume of 262,002 shares changing hands. The stock had previously closed at $54.80.
Several analysts have recently commented on the stock. Analysts at SunTrust initiated coverage on shares of Quintiles Transnational Holdings in a research note on Tuesday, June 24th. They set a “neutral” rating and a $56.00 price target on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $55.42.
The stock’s 50-day moving average is $53.75 and its 200-day moving average is $51.21. The company has a market cap of $7.280 billion and a price-to-earnings ratio of 26.86.
Quintiles Transnational Holdings (NYSE:Q) last posted its quarterly 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. Analysts expect that Quintiles Transnational Holdings will post $2.56 EPS for the current fiscal year.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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