INC Research Holdings (NASDAQ: INCR) has recently received a number of price target changes and ratings updates:

  • 10/9/2017 – INC Research Holdings had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $67.00 price target on the stock.
  • 10/9/2017 – INC Research Holdings was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock, up previously from $62.50.
  • 10/4/2017 – INC Research Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “INC Research Holdings, Inc. is a global contract research organization. It provides the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics. INC Research Holdings, Inc. is headquartered in Raleigh, North Carolina. “
  • 9/27/2017 – INC Research Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “INC Research Holdings, Inc. is a global contract research organization. It provides the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics. INC Research Holdings, Inc. is headquartered in Raleigh, North Carolina. “
  • 9/21/2017 – INC Research Holdings is now covered by analysts at Mizuho. They set a “neutral” rating and a $57.00 price target on the stock.

Shares of INC Research Holdings, Inc. (NASDAQ INCR) opened at 54.95 on Wednesday. INC Research Holdings, Inc. has a 12-month low of $40.65 and a 12-month high of $61.10. The company has a 50 day moving average price of $54.89 and a 200 day moving average price of $53.53. The stock has a market cap of $2.98 billion, a P/E ratio of 33.67 and a beta of 1.34.

INC Research Holdings (NASDAQ:INCR) last issued its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.64. INC Research Holdings had a return on equity of 40.69% and a net margin of 5.69%. The firm had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $256.76 million. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts anticipate that INC Research Holdings, Inc. will post $2.62 earnings per share for the current fiscal year.

In related news, CFO Gregory S. Rush sold 9,703 shares of INC Research Holdings stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.48, for a total value of $528,619.44. Following the transaction, the chief financial officer now owns 78,593 shares in the company, valued at $4,281,746.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $58.26, for a total value of $2,413,129.20. Following the completion of the transaction, the chief financial officer now owns 42,793 shares in the company, valued at approximately $2,493,120.18. The disclosure for this sale can be found here. Insiders sold 198,321 shares of company stock worth $11,550,792 in the last quarter. 0.24% of the stock is owned by insiders.

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.

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