Icon PLC (ICLR) Upgraded at Evercore ISI
Icon PLC (NASDAQ:ICLR) was upgraded by analysts at Evercore ISI to a “buy” rating in a note issued to investors on Friday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Icon PLC from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Wednesday, September 28th. KeyCorp restated a “buy” rating and issued a $85.00 price objective on shares of Icon PLC in a report on Wednesday, July 27th. Jefferies Group boosted their price objective on shares of Icon PLC from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Robert W. Baird restated an “outperform” rating and issued a $83.00 price objective on shares of Icon PLC in a report on Monday, June 27th. Finally, Credit Suisse Group AG started coverage on shares of Icon PLC in a report on Monday, June 20th. They issued an “outperform” rating and a $80.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.31.
Icon PLC (NASDAQ:ICLR) opened at 77.04 on Friday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 17.81 and a beta of 0.66. The stock has a 50 day moving average price of $76.59 and a 200-day moving average price of $72.29. Icon PLC has a 12-month low of $62.31 and a 12-month high of $79.80.
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Icon PLC (NASDAQ:ICLR) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.14. Icon PLC had a net margin of 15.70% and a return on equity of 29.89%. The company earned $411 million during the quarter, compared to analyst estimates of $409.97 million. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts predict that Icon PLC will post $4.70 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of ICLR. Societe Generale bought a new stake in Icon PLC during the second quarter valued at approximately $129,000. SG Americas Securities LLC bought a new stake in Icon PLC during the second quarter valued at approximately $129,000. Invictus RG raised its stake in Icon PLC by 2.2% in the second quarter. Invictus RG now owns 1,852 shares of the company’s stock valued at $130,000 after buying an additional 40 shares during the period. Creative Planning raised its stake in Icon PLC by 91.1% in the second quarter. Creative Planning now owns 2,073 shares of the company’s stock valued at $145,000 after buying an additional 988 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in Icon PLC during the second quarter valued at approximately $150,000. Hedge funds and other institutional investors own 93.78% of the company’s stock.
About Icon PLC
ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.
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