Iqvia (NYSE:IQV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.35-5.60 for the period, compared to the Thomson Reuters consensus estimate of $5.34. The company issued revenue guidance of $8.45-8.65 billion, compared to the consensus revenue estimate of $8.53 billion.Iqvia also updated its Q1 guidance to $1.23-1.30 EPS.
A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Iqvia from $96.00 to $121.00 and gave the stock an overweight rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Iqvia from a buy rating to a hold rating in a report on Friday, November 3rd. Barclays increased their target price on shares of Iqvia from $100.00 to $120.00 and gave the stock an overweight rating in a report on Friday, October 27th. Stifel Nicolaus upgraded shares of Iqvia from a hold rating to a buy rating and raised their price objective for the company from $92.00 to $128.00 in a report on Friday, October 27th. Finally, Mizuho set a $97.00 price objective on shares of Iqvia and gave the company a hold rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Iqvia has a consensus rating of Buy and a consensus target price of $109.71.
Shares of Iqvia (IQV) opened at $100.06 on Wednesday. Iqvia has a fifty-two week low of $75.94 and a fifty-two week high of $110.67. The firm has a market cap of $20,513.85, a price-to-earnings ratio of 22.52, a PEG ratio of 1.34 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.22.
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IQVIA Holdings Inc, formerly Quintiles IMS Holdings, Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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