PAREXEL International PT Raised to $59.00 (PRXL)
Investment analysts at Jefferies Group upped their price target on shares of PAREXEL International (NASDAQ:PRXL) from $58.00 to $59.00 in a note issued to investors on Thursday. Jefferies Group’s price objective indicates a potential upside of 8.60% from the stock’s previous close.
A number of other firms have also recently commented on PRXL. Analysts at KeyCorp initiated coverage on shares of PAREXEL International in a research note on Wednesday, July 2nd. They set a “hold” rating on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of PAREXEL International to a “priority list” rating in a research note on Thursday, June 26th. Finally, analysts at Zacks upgraded shares of PAREXEL International from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $58.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $55.80.
Shares of PAREXEL International (NASDAQ:PRXL) opened at 54.33 on Thursday. PAREXEL International has a one year low of $37.53 and a one year high of $57.25. The stock’s 50-day moving average is $53.88 and its 200-day moving average is $51.6. The company has a market cap of $3.090 billion and a P/E ratio of 26.25.
PAREXEL International (NASDAQ:PRXL) last released its earnings data on Thursday, August 7th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.03. The company had revenue of $510.60 million for the quarter, compared to the consensus estimate of $508.99 million. During the same quarter last year, the company posted $0.50 earnings per share. PAREXEL International’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that PAREXEL International will post $2.15 EPS for the current fiscal year.
PAREXEL International Corporation (NASDAQ:PRXL) is a biopharmaceutical services company, providing a range of expertise in clinical research, medical communications, consulting, and advanced technology products and services to the worldwide pharmaceutical, biotechnology, and medical device industries.
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