Quest Diagnostics Inc (NYSE:DGX) has been given an average recommendation of “Hold” by the sixteen analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $107.27.

A number of research firms recently issued reports on DGX. Zacks Investment Research raised shares of Quest Diagnostics from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Tuesday. Argus began coverage on shares of Quest Diagnostics in a research note on Friday, May 12th. They set a “hold” rating and a $102.00 target price on the stock. Mizuho lifted their target price on shares of Quest Diagnostics from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Canaccord Genuity lifted their target price on shares of Quest Diagnostics from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $104.50 target price (up previously from $102.00) on shares of Quest Diagnostics in a research note on Monday, April 24th.

Quest Diagnostics (NYSE:DGX) traded down 0.08% during trading on Tuesday, hitting $106.47. 290,890 shares of the stock traded hands. The stock has a 50 day moving average price of $103.31 and a 200-day moving average price of $95.35. The stock has a market cap of $14.57 billion, a P/E ratio of 21.43 and a beta of 0.68. Quest Diagnostics has a 52-week low of $75.20 and a 52-week high of $108.21.

Quest Diagnostics (NYSE:DGX) last released its quarterly earnings results on Thursday, April 20th. The medical research company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.15. Quest Diagnostics had a net margin of 8.56% and a return on equity of 14.61%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Quest Diagnostics will post $5.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 24th. Stockholders of record on Monday, July 10th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. Quest Diagnostics’s dividend payout ratio is presently 40.00%.

In other news, SVP Michael E. Prevoznik sold 440 shares of Quest Diagnostics stock in a transaction on Monday, February 27th. The stock was sold at an average price of $97.39, for a total transaction of $42,851.60. Following the transaction, the senior vice president now owns 41,734 shares in the company, valued at approximately $4,064,474.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jenne K. Britell sold 6,111 shares of Quest Diagnostics stock in a transaction on Monday, April 24th. The stock was sold at an average price of $104.03, for a total value of $635,727.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,213 shares of company stock worth $5,732,460. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in Quest Diagnostics by 17.2% in the third quarter. HighTower Advisors LLC now owns 12,345 shares of the medical research company’s stock valued at $1,045,000 after buying an additional 1,812 shares in the last quarter. KCG Holdings Inc. raised its position in Quest Diagnostics by 63.6% in the third quarter. KCG Holdings Inc. now owns 9,424 shares of the medical research company’s stock valued at $798,000 after buying an additional 3,663 shares in the last quarter. BOKF NA raised its position in Quest Diagnostics by 24.6% in the third quarter. BOKF NA now owns 8,901 shares of the medical research company’s stock valued at $753,000 after buying an additional 1,757 shares in the last quarter. Principal Financial Group Inc. raised its position in Quest Diagnostics by 0.5% in the third quarter. Principal Financial Group Inc. now owns 234,692 shares of the medical research company’s stock valued at $19,862,000 after buying an additional 1,108 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Quest Diagnostics by 0.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,528,852 shares of the medical research company’s stock valued at $129,387,000 after buying an additional 6,489 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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Quest Diagnostics Company Profile

Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).

12 Month Chart for NYSE:DGX

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