Equities research analysts at Royal Bank Of Canada started coverage on shares of Quintiles Transitional Holdings Inc. (NYSE:Q) in a research note issued on Tuesday. The brokerage set an “outperform” rating and a $116.00 price target on the medical research company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 22.02% from the company’s current price.

Other analysts have also recently issued reports about the stock. Argus increased their target price on shares of Quintiles Transitional Holdings from $98.00 to $104.00 and gave the stock a “buy” rating in a research note on Monday. BidaskClub upgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Citigroup Inc. increased their target price on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 target price (up from $87.00) on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $94.00 target price on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.44.

Shares of Quintiles Transitional Holdings (Q) opened at 95.07 on Tuesday. The firm’s 50-day moving average is $93.68 and its 200 day moving average is $86.73. The firm has a market capitalization of $20.59 billion, a P/E ratio of 275.57 and a beta of 0.63. Quintiles Transitional Holdings has a 12 month low of $70.10 and a 12 month high of $99.95.

Quintiles Transitional Holdings (NYSE:Q) last announced its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. Quintiles Transitional Holdings’s revenue was up 68.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. On average, equities research analysts anticipate that Quintiles Transitional Holdings will post $4.58 EPS for the current year.

Quintiles Transitional Holdings declared that its board has approved a stock buyback plan on Wednesday, May 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the medical research company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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In other Quintiles Transitional Holdings news, insider Ari Bousbib sold 92,160 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.35, for a total value of $8,326,656.00. Following the sale, the insider now owns 1,082,919 shares of the company’s stock, valued at approximately $97,841,731.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin C. Knightly sold 19,339 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the completion of the sale, the insider now directly owns 40,650 shares in the company, valued at approximately $4,045,081.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,363,847 shares of company stock worth $618,573,696. 6.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in Quintiles Transitional Holdings by 12.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,426 shares of the medical research company’s stock worth $218,000 after acquiring an additional 273 shares during the last quarter. Archford Capital Strategies LLC grew its holdings in Quintiles Transitional Holdings by 185.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 5,651 shares of the medical research company’s stock worth $904,000 after acquiring an additional 3,668 shares during the last quarter. Advisory Services Network LLC grew its holdings in Quintiles Transitional Holdings by 28.1% in the 2nd quarter. Advisory Services Network LLC now owns 5,497 shares of the medical research company’s stock worth $492,000 after acquiring an additional 1,207 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Quintiles Transitional Holdings in the 2nd quarter worth $331,000. Finally, WINTON GROUP Ltd bought a new stake in Quintiles Transitional Holdings in the 2nd quarter worth $643,000. 91.34% of the stock is currently owned by institutional investors and hedge funds.

Quintiles Transitional Holdings Company Profile

Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.

Analyst Recommendations for Quintiles Transitional Holdings (NYSE:Q)

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