INC Research Holdings, Inc. (INCR) to Release Earnings on Thursday
INC Research Holdings, Inc. (NASDAQ:INCR) will be posting its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect INC Research Holdings to post earnings of $0.63 per share for the quarter.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $65.00 price target on shares of INC Research Holdings in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of INC Research Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Credit Suisse Group assumed coverage on shares of INC Research Holdings in a research note on Wednesday, October 11th. They issued an “outperform” rating and a $68.00 price target on the stock. Mizuho assumed coverage on shares of INC Research Holdings in a research note on Thursday, September 21st. They issued a “neutral” rating and a $57.00 price target on the stock. Finally, Jefferies Group LLC raised shares of INC Research Holdings from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.50 to $69.00 in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. INC Research Holdings currently has a consensus rating of “Buy” and an average target price of $64.22.
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In related news, CAO Christopher L. Gaenzle sold 42,601 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $58.67, for a total transaction of $2,499,400.67. Following the sale, the chief accounting officer now directly owns 69,557 shares of the company’s stock, valued at approximately $4,080,909.19. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alistair Macdonald sold 8,828 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $55.65, for a total transaction of $491,278.20. Following the sale, the chief executive officer now directly owns 110,629 shares in the company, valued at $6,156,503.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,321 shares of company stock worth $11,550,792. 0.24% of the stock is owned by insiders.
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.
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