PAREXEL International Reaches New 52-Week High at $58.68 (PRXL)
Shares of PAREXEL International (NASDAQ:PRXL) reached a new 52-week high during trading on Thursday , American Banking & Market News reports. The stock traded as high as $58.68 and last traded at $58.27, with a volume of 147,513 shares changing hands. The stock had previously closed at $57.91.
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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.24.
The stock has a 50-day moving average of $55.6 and a 200-day moving average of $52.76. The company has a market cap of $3.166 billion and a price-to-earnings ratio of 25.74.
PAREXEL International (NASDAQ:PRXL) last issued its quarterly earnings data 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.
PAREXEL International Corporation (NASDAQ:PRXL), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc (Perceptive).
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