INC Research (NASDAQ:INCR) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded INC Research from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Robert W. Baird set a $46.00 price objective on INC Research and gave the company a “buy” rating in a research note on Thursday, November 16th. Jefferies Group restated a “buy” rating and set a $55.00 price objective on shares of INC Research in a research note on Friday, November 10th. Zacks Investment Research upgraded INC Research from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Wednesday, September 27th. Finally, SunTrust Banks cut their price objective on INC Research to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. INC Research presently has a consensus rating of “Hold” and an average target price of $52.67.

Shares of INC Research (INCR) traded up $1.35 during midday trading 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 52 week low of $33.60 and a 52 week high of $61.10. The stock has a market capitalization of $3,980.76, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08.

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

In other INC Research news, CAO Christopher L. Gaenzle sold 4,682 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.56, for a total transaction of $255,449.92. Following the completion of the transaction, the chief accounting officer now directly owns 60,579 shares of the company’s stock, valued at approximately $3,305,190.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory S. Rush sold 9,703 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $54.48, for a total value of $528,619.44. Following the transaction, the chief financial officer now directly owns 78,593 shares of the company’s stock, valued at $4,281,746.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,733 shares of company stock valued at $912,270. 0.24% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in INCR. Aperio Group LLC bought a new stake in shares of INC Research during the 2nd quarter worth $685,000. Strs Ohio boosted its stake in shares of INC Research by 0.8% during the 2nd quarter. Strs Ohio now owns 25,200 shares of the company’s stock worth $1,474,000 after acquiring an additional 200 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of INC Research by 469.6% in the second quarter. Great West Life Assurance Co. Can now owns 32,325 shares of the company’s stock valued at $1,889,000 after purchasing an additional 26,650 shares in the last quarter. Texas Permanent School Fund purchased a new stake in shares of INC Research in the second quarter valued at $2,311,000. Finally, Retirement Systems of Alabama purchased a new stake in shares of INC Research in the second quarter valued at $5,964,000. 99.56% of the stock is owned by institutional investors and hedge funds.

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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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