Quintiles Transnational Holdings Receives Average Rating of “Buy” from Brokerages (NYSE:Q)
Shares of Quintiles Transnational Holdings (NYSE:Q) have earned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, American Banking & Market News reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $60.09.
Shares of Quintiles Transnational Holdings (NYSE:Q) traded up 0.11% during mid-day trading on Friday, hitting $56.42. 23,082 shares of the company’s stock traded hands. Quintiles Transnational Holdings has a one year low of $40.10 and a one year high of $57.65. The stock has a 50-day moving average of $55.67 and a 200-day moving average of $52.47. The company has a market cap of $7.181 billion and a price-to-earnings ratio of 23.82.
Quintiles Transnational Holdings (NYSE:Q) last released its earnings data on Thursday, July 31st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Quintiles Transnational Holdings will post $2.64 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Quintiles Transnational Holdings in a research note on Wednesday, August 6th. They now have a $63.00 price target on the stock, up previously from $56.00. Separately, analysts at Raymond James raised their price target on shares of Quintiles Transnational Holdings from $62.00 to $64.00 in a research note on Tuesday, August 5th. They now have a “strong-buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Quintiles Transnational Holdings in a research note on Friday, August 1st. They now have a $65.00 price target on the stock, up previously from $60.00.
Quintiles Transnational Holdings Inc, is a provider of biopharmaceutical development services and commercial outsourcing services.
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