Quintiles Transnational Holdings’s “Hold” Rating Reaffirmed at Jefferies Group (Q)
Quintiles Transnational Holdings (NYSE:Q)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Friday. They currently have a $56.00 target price on the stock, up from their previous target price of $54.00. Jefferies Group’s target price points to a potential upside of 1.74% from the company’s current price.
Shares of Quintiles Transnational Holdings (NYSE:Q) opened at 55.04 on Friday. Quintiles Transnational Holdings has a 52 week low of $40.10 and a 52 week high of $57.33. The stock has a 50-day moving average of $54.11 and a 200-day moving average of $51.38. The company has a market cap of $7.163 billion and a price-to-earnings ratio of 26.93.
Quintiles Transnational Holdings (NYSE:Q) last released its earnings data on Thursday, July 31st. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $0.50 earnings per share. Quintiles Transnational Holdings’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Quintiles Transnational Holdings will post $2.59 earnings per share for the current fiscal year.
Q has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Quintiles Transnational Holdings in a research note on Friday. They now have a $57.00 price target on the stock, up previously from $54.00. Separately, analysts at SunTrust upgraded shares of Quintiles Transnational Holdings from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $65.00 price target on the stock, up previously from $56.00. Finally, analysts at ISI Group raised their price target on shares of Quintiles Transnational Holdings from $56.00 to $59.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.93.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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