Published On: Wed, Sep 7th, 2016

Icon PLC (ICLR) Shares Down 2.3%

Icon PLC (NASDAQ:ICLR) was down 2.3% on Tuesday . The stock traded as low as $75.21 and last traded at $75.34, with a volume of 288,950 shares. The stock had previously closed at $77.14.
Several equities research analysts recently weighed in on ICLR shares. Robert W. Baird reaffirmed an “outperform” rating and set a $83.00 target price on shares of Icon PLC in a research note on Monday, June 27th. Jefferies Group downgraded shares of Icon PLC from a “buy” rating to a “hold” rating and cut their target price for the stock from $80.00 to $78.00 in a research note on Friday, June 3rd. Credit Suisse Group AG started coverage on shares of Icon PLC in a research note on Monday, June 20th. They set an “outperform” rating and a $80.00 target price on the stock. Evercore ISI upped their target price on shares of Icon PLC from $76.00 to $81.50 and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Finally, Avondale Partners downgraded shares of Icon PLC from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $70.00 to $59.00 in a research note on Wednesday, June 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $78.19.

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The company’s 50 day moving average price is $75.59 and its 200 day moving average price is $71.16. The stock has a market cap of $4.17 billion and a P/E ratio of 17.37.
Icon PLC (NASDAQ:ICLR) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.14 EPS for the quarter, hitting analysts’ consensus estimates of $1.14. The firm had revenue of $411 million for the quarter, compared to analysts’ expectations of $409.97 million. During the same quarter last year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts anticipate that Icon PLC will post $4.70 earnings per share for the current year.
ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.

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