INC Research Holdings, Inc. (NASDAQ:INCR) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $52.00.

Several equities analysts recently weighed in on INCR shares. TheStreet upgraded INC Research from a “c” rating to a “b-” rating in a research report on Monday, November 6th. Robert W. Baird set a $46.00 target price on INC Research and gave the stock a “buy” rating in a research report on Thursday, November 16th. Jefferies Group reiterated a “buy” rating and set a $55.00 target price on shares of INC Research in a research report on Friday, November 10th. Zacks Investment Research upgraded INC Research from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday, September 27th. Finally, SunTrust Banks reduced their target price on INC Research to $50.00 and set a “buy” rating on the stock in a research report on Friday, December 1st.

Shares of INC Research (INCR) traded up $1.35 during trading hours on Thursday, hitting $39.30. The stock had a trading volume of 842,887 shares, compared to its average volume of 928,713. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.27 and a quick ratio of 1.27. INC Research has a twelve month low of $33.60 and a twelve month high of $61.10. The stock has a market capitalization of $3,980.76, a P/E ratio of 17.50, a P/E/G ratio of 1.20 and a beta of 1.08.

INC Research (NASDAQ:INCR) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.09). INC Research had a negative net margin of 4.29% and a positive return on equity of 14.42%. The company had revenue of $592.21 million during the quarter, compared to analysts’ expectations of $604.95 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up 128.2% compared to the same quarter last year. sell-side analysts forecast that INC Research will post 2.15 EPS for the current year.

In other INC Research news, CEO Alistair Macdonald sold 2,348 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $54.60, for a total transaction of $128,200.80. Following the completion of the sale, the chief executive officer now directly owns 99,453 shares in the company, valued at $5,430,133.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory S. Rush sold 9,703 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $54.48, for a total value of $528,619.44. Following the sale, the chief financial officer now owns 78,593 shares of the company’s stock, valued at $4,281,746.64. The disclosure for this sale can be found here. Insiders have sold 16,733 shares of company stock valued at $912,270 over the last 90 days. 0.24% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Lee Thomas H Partners LP acquired a new stake in INC Research during the third quarter worth about $1,316,644,000. BlackRock Inc. increased its stake in INC Research by 82.3% during the second quarter. BlackRock Inc. now owns 6,461,899 shares of the company’s stock worth $378,020,000 after acquiring an additional 2,917,605 shares during the last quarter. Vanguard Group Inc. increased its stake in INC Research by 2.4% during the second quarter. Vanguard Group Inc. now owns 6,186,393 shares of the company’s stock worth $361,904,000 after acquiring an additional 142,349 shares during the last quarter. State Street Corp increased its stake in INC Research by 112.8% during the second quarter. State Street Corp now owns 1,769,353 shares of the company’s stock worth $103,508,000 after acquiring an additional 937,864 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in INC Research during the second quarter worth about $99,424,000. Institutional investors own 99.56% of the company’s stock.

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About INC Research

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.

Analyst Recommendations for INC Research (NASDAQ:INCR)

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