PAREXEL International Downgraded by Zacks to Neutral (PRXL)
PAREXEL International (NASDAQ:PRXL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $62.20 price target on the stock. Zacks‘s target price would indicate a potential upside of 9.76% from the stock’s previous close.
In other PAREXEL International news, VP Gadi Saarony sold 6,075 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $57.78, for a total value of $351,013.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PAREXEL International (NASDAQ:PRXL) traded up 1.61% on Tuesday, hitting $57.58. The stock had a trading volume of 217,719 shares. PAREXEL International has a 1-year low of $37.53 and a 1-year high of $58.47. The stock’s 50-day moving average is $55.04 and its 200-day moving average is $52.4. The company has a market cap of $3.151 billion and a price-to-earnings ratio of 25.19.
PAREXEL International (NASDAQ:PRXL) last posted its quarterly earnings results 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. On average, analysts predict that PAREXEL International will post $2.69 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PRXL. Analysts at Sterne Agee raised their price target on shares of PAREXEL International from $36.00 to $42.00 in a research note on Friday, August 8th. Separately, analysts at Robert W. Baird raised their price target on shares of PAREXEL International from $64.00 to $66.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of PAREXEL International from $58.00 to $59.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $57.24.
PAREXEL International Corporation (NASDAQ:PRXL), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc (Perceptive).
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