Quintiles Transitional Holdings Inc. (Q) Stock Rating Lowered by Jefferies Group
Quintiles Transitional Holdings Inc. (NYSE:Q) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They presently have a $79.00 price objective on the stock. Jefferies Group’s target price would indicate a potential upside of 3.50% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Tuesday, October 11th. Avondale Partners upgraded shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $62.00 to $87.00 in a research note on Monday, July 11th. Goldman Sachs Group Inc. upgraded shares of Quintiles Transitional Holdings from a “not rated” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, October 5th. TheStreet upgraded shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Finally, Pacific Crest lifted their price target on shares of Quintiles Transitional Holdings from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $81.80.
Shares of Quintiles Transitional Holdings (NYSE:Q) traded down 0.56% during mid-day trading on Wednesday, hitting $75.90. 145,658 shares of the company were exchanged. Quintiles Transitional Holdings has a 52 week low of $55.01 and a 52 week high of $81.45. The company has a 50 day moving average of $77.97 and a 200 day moving average of $71.95. The company has a market capitalization of $8.99 billion, a P/E ratio of 22.82 and a beta of 0.58.
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Quintiles Transitional Holdings (NYSE:Q) last issued its earnings results on Wednesday, July 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.03. The business earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Quintiles Transitional Holdings had a net margin of 6.83% and a negative return on equity of 189.34%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Equities analysts anticipate that Quintiles Transitional Holdings will post $3.82 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Quintiles Transitional Holdings by 5.6% in the second quarter. Vanguard Group Inc. now owns 7,537,128 shares of the company’s stock valued at $492,325,000 after buying an additional 396,736 shares during the period. Alliancebernstein L.P. increased its stake in Quintiles Transitional Holdings by 3.5% in the second quarter. Alliancebernstein L.P. now owns 4,354,197 shares of the company’s stock worth $284,416,000 after buying an additional 145,962 shares during the last quarter. Lazard Asset Management LLC increased its stake in Quintiles Transitional Holdings by 1.5% in the first quarter. Lazard Asset Management LLC now owns 4,182,605 shares of the company’s stock worth $272,286,000 after buying an additional 63,095 shares during the last quarter. Janus Capital Management LLC increased its stake in Quintiles Transitional Holdings by 435.8% in the second quarter. Janus Capital Management LLC now owns 3,324,138 shares of the company’s stock worth $217,132,000 after buying an additional 2,703,702 shares during the last quarter. Finally, Harris Associates L P acquired a new stake in Quintiles Transitional Holdings during the second quarter worth about $216,159,000. Institutional investors and hedge funds own 92.71% 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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