Quest Diagnostics Given Average Recommendation of “Hold” by Brokerages (NYSE:DGX)
Shares of Quest Diagnostics (NYSE:DGX) have received a consensus recommendation of “Hold” from the nineteen analysts that are covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.62.
DGX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Quest Diagnostics in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Quest Diagnostics in a research note on Friday, July 25th. They now have a $65.00 price target on the stock, up previously from $60.00. Finally, analysts at Maxim Group raised their price target on shares of Quest Diagnostics from $68.00 to $74.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock.
Quest Diagnostics (NYSE:DGX) traded up 0.95% during mid-day trading on Monday, hitting $62.92. The stock had a trading volume of 69,727 shares. Quest Diagnostics has a 52 week low of $50.46 and a 52 week high of $64.10. The stock’s 50-day moving average is $61.0 and its 200-day moving average is $57.82. The company has a market cap of $9.087 billion and a P/E ratio of 11.71.
Quest Diagnostics (NYSE:DGX) last released its earnings data on Thursday, July 24th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.06 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Quest Diagnostics will post $4.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Tuesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, October 3rd.
Quest Diagnostics Incorporated (NYSE:DGX) is a provider of diagnostic testing, information and services, providing insights that enable patients and physicians to make healthcare decisions.
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