Investment analysts at Barclays assumed coverage on shares of INC Research (NASDAQ:INCR) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $40.00 price target on the stock. Barclays’ price objective indicates a potential downside of 2.56% from the stock’s previous close.

Several other analysts have also recently weighed in on INCR. TheStreet raised INC Research from a “c” rating to a “b-” rating in a 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 issued a $55.00 price objective 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 price objective for the company in a research report on Wednesday, September 27th. Finally, SunTrust Banks dropped their price target on INC Research to $50.00 and set a “buy” rating on the stock in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $51.40.

Shares of INC Research (NASDAQ:INCR) traded up $1.50 on Monday, reaching $41.05. 2,905,105 shares of the company were exchanged, compared to its average volume of 940,921. The company has a market cap of $4,126.85, a price-to-earnings ratio of 18.14, a PEG ratio of 1.25 and a beta of 1.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.99. INC Research has a 12-month low of $33.60 and a 12-month high of $61.10.

INC Research (NASDAQ:INCR) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.54 earnings per share for the quarter, missing the 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 business had revenue of $592.21 million for the quarter, compared to the consensus estimate of $604.95 million. During the same period in the previous year, the business posted $0.64 EPS. INC Research’s revenue was up 128.2% compared to the same quarter last year. research analysts anticipate that INC Research will post 2.15 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in the business. Aperio Group LLC acquired a new position in shares of INC Research in the second quarter worth about $685,000. Great West Life Assurance Co. Can raised its holdings in INC Research by 469.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 32,325 shares of the company’s stock valued at $1,889,000 after acquiring an additional 26,650 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in INC Research in the 2nd quarter valued at about $5,964,000. Arizona State Retirement System acquired a new stake in INC Research in the 2nd quarter valued at about $1,336,000. Finally, Rhumbline Advisers grew its stake in shares of INC Research by 120.0% in the 2nd quarter. Rhumbline Advisers now owns 106,304 shares of the company’s stock valued at $6,219,000 after buying an additional 57,983 shares during the period. Institutional investors and hedge funds 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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