Icon Plc’s Buy Rating Reaffirmed at SunTrust (ICLR)
Icon Plc (NASDAQ:ICLR)‘s stock had its “buy” rating reiterated by investment analysts at SunTrust in a note issued to investors on Thursday. They currently have a $70.00 target price on the stock, up from their previous target price of $56.00. SunTrust’s price objective would indicate a potential upside of 35.03% from the company’s current price.
A number of other firms have also recently commented on ICLR. Analysts at Barclays reiterated an “overweight” rating on shares of Icon Plc in a research note on Thursday. They now have a $56.00 price target on the stock, up previously from $52.00. Separately, analysts at Jefferies Group raised their price target on shares of Icon Plc from $56.00 to $61.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Icon Plc from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $51.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.75.
Shares of Icon Plc (NASDAQ:ICLR) traded down 0.59% during mid-day trading on Thursday, hitting $51.80. 690,929 shares of the company’s stock traded hands. Icon Plc has a 52 week low of $35.33 and a 52 week high of $52.97. The stock has a 50-day moving average of $47. and a 200-day moving average of $44.62. The company has a market cap of $3.213 billion and a price-to-earnings ratio of 27.30.
Icon Plc (NASDAQ:ICLR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.06. The company had revenue of $376.00 million for the quarter, compared to the consensus estimate of $376.89 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that Icon Plc will post $2.41 EPS 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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