INC Research (SYNH) Raised to Buy at Zacks Investment Research

INC Research (NASDAQ:SYNH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $41.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 10.81% from the company’s current price.

According to Zacks, “INC Research Holdings, Inc. is a global contract research organization. It provides the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Its services include clinical trial management services comprising patient recruitment and retention, project management, clinical monitoring, drug safety/pharmacovigilance, medical affairs, quality assurance, regulatory and medical writing, and functional service; and data services consisting of clinical data management, electronic data capture, and biostatistics. INC Research Holdings, Inc. is headquartered in Raleigh, North Carolina. “

Other analysts have also recently issued research reports about the stock. Jefferies Group reiterated a “buy” rating and issued a $55.00 price target on shares of INC Research in a report on Friday, November 10th. Credit Suisse Group cut their price target on shares of INC Research from $68.00 to $54.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. KeyCorp reiterated a “market perform” rating and issued a $46.00 price target (down previously from $68.00) on shares of INC Research in a report on Monday, November 13th. TheStreet cut shares of INC Research from a “b-” rating to a “c” rating in a report on Monday, December 18th. Finally, BidaskClub upgraded shares of INC Research from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $48.89.

Shares of INC Research (NASDAQ:SYNH) traded up $0.25 during midday trading on Tuesday, hitting $37.00. 1,014,200 shares of the company traded hands, compared to its average volume of 929,906. The company has a current ratio of 1.27, a quick 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. The stock has a market capitalization of $3,834.68, a P/E ratio of -63.79, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80.

In other news, CAO Christopher L. Gaenzle sold 1,470 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $41.00, for a total transaction of $60,270.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

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INC Research Company Profile

Syneos Health, Inc, formerly 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.

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