Quintiles Transitional Holdings Inc. (NYSE:Q)‘s stock had its “buy” rating reiterated by KeyCorp in a report issued on Thursday.
Several other research analysts also recently weighed in on the stock. Evercore ISI upped their target price on shares of Quintiles Transitional Holdings from $70.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Avondale Partners raised shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $62.00 to $87.00 in a report on Monday, July 11th. Jefferies Group reaffirmed a “buy” rating on shares of Quintiles Transitional Holdings in a report on Wednesday, June 8th. Argus reaffirmed a “buy” rating on shares of Quintiles Transitional Holdings in a report on Monday, June 6th. Finally, Wells Fargo & Co. downgraded shares of Quintiles Transitional Holdings from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Quintiles Transitional Holdings currently has an average rating of “Buy” and an average target price of $81.61.
Shares of Quintiles Transitional Holdings (NYSE:Q) traded down 0.69% on Thursday, hitting $77.31. The stock had a trading volume of 1,251,626 shares. The company has a 50 day moving average price of $76.73 and a 200-day moving average price of $69.64. The stock has a market cap of $9.16 billion, a PE ratio of 23.24 and a beta of 0.59. Quintiles Transitional Holdings has a 12 month low of $55.01 and a 12 month high of $78.86.
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Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. Quintiles Transitional Holdings had a net margin of 6.83% and a negative return on equity of 189.34%. The firm earned $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Quintiles Transitional Holdings will post $3.81 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Quintiles Transitional Holdings by 22.2% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock worth $110,000 after buying an additional 306 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Quintiles Transitional Holdings by 41.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the company’s stock worth $111,000 after buying an additional 500 shares during the period. Invictus RG purchased a new stake in Quintiles Transitional Holdings during the second quarter worth $125,000. Citizens Financial Group Inc RI raised its stake in Quintiles Transitional Holdings by 1.0% in the first quarter. Citizens Financial Group Inc RI now owns 1,978 shares of the company’s stock worth $129,000 after buying an additional 20 shares during the period. Finally, Acrospire Investment Management LLC purchased a new stake in Quintiles Transitional Holdings during the first quarter worth $130,000. 92.90% of the stock is currently owned by institutional investors.
Quintiles Transitional Holdings Company Profile
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. The Company’s segments include Product Development and Integrated Healthcare Services.
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