INC Research (NASDAQ:INCR)‘s stock had its “buy” rating restated by Credit Suisse Group in a research report issued to clients and investors on Thursday. They presently have a $52.00 target price on the stock. Credit Suisse Group’s price target would suggest a potential upside of 25.91% from the stock’s current price.

Other analysts have also recently issued reports about the stock. BidaskClub upgraded shares of INC Research from a “hold” rating to a “buy” rating in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of INC Research in a research report on Thursday. Zacks Investment Research upgraded shares of 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. TheStreet cut shares of INC Research from a “b-” rating to a “c” rating in a research report on Monday, December 18th. Finally, Mizuho began coverage on shares of INC Research in a research report on Thursday, September 21st. They set a “neutral” rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.78.

Shares of INC Research (NASDAQ:INCR) traded down $2.50 during mid-day trading on Thursday, reaching $41.30. 1,958,200 shares of the company’s stock traded hands, compared to its average volume of 1,219,100. The stock has a market cap of $4,310.00, a PE ratio of -72.46, a P/E/G ratio of 1.35 and a beta of 1.09. INC Research has a 1-year low of $33.60 and a 1-year high of $61.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27.

INC Research (NASDAQ:INCR) last announced its earnings results on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.09). The business had revenue of $592.21 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 128.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. research analysts forecast that INC Research will post 2.15 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of INCR. Lee Thomas H Partners LP bought a new position in INC Research during the 3rd quarter valued at about $1,316,644,000. BlackRock Inc. grew its holdings in INC Research by 82.3% during the 2nd quarter. BlackRock Inc. now owns 6,461,899 shares of the company’s stock valued at $378,020,000 after purchasing an additional 2,917,605 shares during the last quarter. Janus Henderson Group PLC bought a new position in INC Research during the 2nd quarter valued at about $99,424,000. State Street Corp grew its holdings in INC Research by 112.8% during the 2nd quarter. State Street Corp now owns 1,769,353 shares of the company’s stock valued at $103,508,000 after purchasing an additional 937,864 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in INC Research by 1,337.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 598,039 shares of the company’s stock valued at $31,277,000 after purchasing an additional 556,439 shares during the last quarter. 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)

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