PAREXEL International Receives Average Recommendation of “Buy” from Analysts (NASDAQ:PRXL)
PAREXEL International (NASDAQ:PRXL) has earned an average rating of “Buy” from the fifteen brokerages that are covering the stock, Analyst Ratings News reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $57.24.
In other PAREXEL International news, VP Gadi Saarony unloaded 6,075 shares of PAREXEL International stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $57.78, for a total value of $351,013.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of PAREXEL International from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 26th. They now have a $62.20 price target on the stock. Separately, 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. Finally, 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.
PAREXEL International (NASDAQ:PRXL) opened at 56.44 on Tuesday. PAREXEL International has a 52-week low of $37.53 and a 52-week high of $58.47. The stock has a 50-day moving average of $55.42 and a 200-day moving average of $52.65. The company has a market cap of $3.089 billion and a price-to-earnings ratio of 25.08.
PAREXEL International (NASDAQ:PRXL) last announced its earnings results on Thursday, August 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts predict that PAREXEL International will post $2.69 earnings per share for the current fiscal year.
PAREXEL International Corporation (NASDAQ:PRXL), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc (Perceptive).
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