Icon Plc Stock Rating Upgraded by Zacks (ICLR)
Icon Plc (NASDAQ:ICLR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $54.10 price target on the stock. Zacks‘s target price would indicate a potential upside of 6.52% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Icon Plc in a research note on Monday, August 4th. They now have a $60.00 price target on the stock, up previously from $53.00. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Icon Plc in a research note on Thursday, July 31st. They now have a $70.00 price target on the stock, up previously from $56.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Icon Plc in a research note on Thursday, July 31st. They now have a $56.00 price target on the stock, up previously from $52.00. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $56.01.
Shares of Icon Plc (NASDAQ:ICLR) traded up 0.91% during mid-day trading on Wednesday, hitting $51.25. The stock had a trading volume of 163,481 shares. Icon Plc has a 52-week low of $35.33 and a 52-week high of $52.97. The stock’s 50-day moving average is $48.46 and its 200-day moving average is $45.26. The company has a market cap of $3.179 billion and a P/E ratio of 23.11.
Icon Plc (NASDAQ:ICLR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Icon Plc will post $2.64 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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