Shares of INC Research Holdings Inc (NASDAQ:INCR) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $55.00.

Several research firms have issued reports on INCR. Zacks Investment Research downgraded INC Research Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC restated a “buy” rating on shares of INC Research Holdings in a report on Thursday, May 11th. Robert W. Baird upgraded INC Research Holdings from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $46.00 to $66.00 in a report on Thursday, May 11th. SunTrust Banks, Inc. downgraded INC Research Holdings from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Monday, March 20th. Finally, TheStreet downgraded INC Research Holdings from a “b-” rating to a “c” rating in a report on Thursday, March 23rd.

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Shares of INC Research Holdings (NASDAQ:INCR) traded down 1.06% during midday trading on Friday, hitting $56.00. 888,436 shares of the stock were exchanged. The stock has a market cap of $3.03 billion, a P/E ratio of 26.64 and a beta of 1.74. INC Research Holdings has a one year low of $36.70 and a one year high of $57.25. The stock’s 50-day moving average price is $46.17 and its 200 day moving average price is $48.93.

INC Research Holdings (NASDAQ:INCR) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The firm had revenue of $252.10 million for the quarter, compared to the consensus estimate of $250.76 million. INC Research Holdings had a return on equity of 49.42% and a net margin of 6.58%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. On average, analysts anticipate that INC Research Holdings will post $2.68 earnings per share for the current year.

In other news, CAO Christopher L. Gaenzle sold 4,733 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $45.70, for a total value of $216,298.10. Following the transaction, the chief accounting officer now owns 53,050 shares in the company, valued at approximately $2,424,385. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alistair Macdonald sold 9,467 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $45.00, for a total value of $426,015.00. Following the completion of the transaction, the chief executive officer now owns 83,935 shares in the company, valued at approximately $3,777,075. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,028 shares of company stock worth $1,039,573. Corporate insiders own 1.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in shares of INC Research Holdings during the fourth quarter worth $109,000. Invictus RG acquired a new position in shares of INC Research Holdings during the first quarter worth $115,000. Crow Point Partners LLC acquired a new position in shares of INC Research Holdings during the third quarter worth $116,000. Foresters Investment Management Company Inc. acquired a new position in shares of INC Research Holdings during the first quarter worth $128,000. Finally, Fifth Third Bancorp increased its position in shares of INC Research Holdings by 5.4% in the first quarter. Fifth Third Bancorp now owns 2,904 shares of the company’s stock worth $133,000 after buying an additional 149 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

INC Research Holdings Company Profile

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

5 Day Chart for NASDAQ:INCR

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