Mizuho Analysts Give INC Research (INCR) a $41.00 Price Target

INC Research (NASDAQ:INCR) received a $41.00 target price from investment analysts at Mizuho in a research note issued to investors on Friday, December 1st, Marketbeat reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential downside of 5.96% from the company’s previous close.

Several other research analysts also recently commented on the stock. TheStreet upgraded shares of INC Research from a “c” rating to a “b-” rating in a report on Monday, November 6th. Goldman Sachs Group reiterated a “buy” rating and issued a $65.00 target price on shares of INC Research in a report on Monday, August 7th. Credit Suisse Group began coverage on shares of INC Research in a report on Wednesday, October 11th. They issued an “outperform” rating and a $68.00 target price on the stock. Jefferies Group upgraded shares of INC Research from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.50 to $69.00 in a report on Monday, October 9th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $67.00 target price on shares of INC Research in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. INC Research presently has a consensus rating of “Hold” and a consensus price target of $50.56.

INC Research (NASDAQ:INCR) traded down $0.10 during trading on Friday, hitting $43.60. 1,093,076 shares of the stock were exchanged, compared to its average volume of 1,420,862. The company has a market cap of $4,559.88, a P/E ratio of -75.17, a P/E/G ratio of 1.38 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 fifty-two week low of $33.60 and a fifty-two week high of $61.10.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of INC Research by 14.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after purchasing an additional 228 shares during the period. Pacad Investment Ltd. bought a new position in shares of INC Research during the 2nd quarter worth about $123,000. Riverhead Capital Management LLC bought a new position in shares of INC Research during the 2nd quarter worth about $128,000. Victory Capital Management Inc. increased its holdings in shares of INC Research by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock worth $139,000 after purchasing an additional 356 shares during the period. Finally, Personal Capital Advisors Corp bought a new position in shares of INC Research during the 3rd quarter worth about $234,000. Hedge funds and other institutional investors own 99.50% of the company’s stock.

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INC Research 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.

Analyst Recommendations for INC Research (NASDAQ:INCR)