Quintiles Transitional Holdings Inc. (Q) Upgraded by TheStreet to “Buy”
Quintiles Transitional Holdings Inc. (NYSE:Q) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
A number of other equities analysts have also issued reports on Q. Goldman Sachs Group Inc. raised Quintiles Transitional Holdings from a “not rated” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, October 5th. Zacks Investment Research lowered Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Deutsche Bank AG increased their price objective on Quintiles Transitional Holdings from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Avondale Partners raised Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $62.00 to $87.00 in a report on Monday, July 11th. Finally, Citigroup Inc. upped their target price on Quintiles Transitional Holdings from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.85.
Shares of Quintiles Transitional Holdings (NYSE:Q) traded down 3.23% during trading on Monday, reaching $77.23. The company had a trading volume of 1,100,715 shares. The stock’s 50-day moving average price is $78.02 and its 200-day moving average price is $71.58. The stock has a market capitalization of $9.15 billion, a PE ratio of 23.22 and a beta of 0.58. Quintiles Transitional Holdings has a 12 month low of $55.01 and a 12 month high of $81.45.
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Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Wednesday, July 27th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company earned $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Quintiles Transitional Holdings had a negative return on equity of 189.34% and a net margin of 6.83%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Equities analysts forecast that Quintiles Transitional Holdings will post $3.82 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in Q. Aperio Group LLC raised its stake in Quintiles Transitional Holdings by 8.4% in the first quarter. Aperio Group LLC now owns 14,309 shares of the company’s stock worth $932,000 after buying an additional 1,105 shares during the last quarter. Prudential Financial Inc. raised its stake in Quintiles Transitional Holdings by 25.0% in the first quarter. Prudential Financial Inc. now owns 19,990 shares of the company’s stock worth $1,301,000 after buying an additional 4,000 shares during the last quarter. BlackRock Inc. raised its stake in Quintiles Transitional Holdings by 13.2% in the first quarter. BlackRock Inc. now owns 99,811 shares of the company’s stock worth $6,497,000 after buying an additional 11,613 shares during the last quarter. BlackRock Group LTD raised its stake in Quintiles Transitional Holdings by 8.7% in the first quarter. BlackRock Group LTD now owns 569,031 shares of the company’s stock worth $37,044,000 after buying an additional 45,647 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Quintiles Transitional Holdings by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,535,064 shares of the company’s stock worth $165,033,000 after buying an additional 24,574 shares during the last quarter. Institutional investors own 92.78% of the company’s stock.
About Quintiles Transitional Holdings
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. The Company’s segments include Product Development and Integrated Healthcare Services.
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