Quintiles Transitional Holdings Inc. (Q) Upgraded to Buy at Goldman Sachs Group Inc.
Goldman Sachs Group Inc. upgraded shares of Quintiles Transitional Holdings Inc. (NYSE:Q) from a not rated rating to a buy rating in a report released on Wednesday. The brokerage currently has $94.00 price target on the stock.
Several other equities analysts also recently weighed in on Q. Evercore ISI lifted their target price on Quintiles Transitional Holdings from $70.00 to $78.00 and gave the company a hold rating in a research report on Wednesday, July 27th. Citigroup Inc. lifted their target price on Quintiles Transitional Holdings from $72.00 to $75.00 and gave the company a neutral rating in a research report on Thursday, July 28th. Argus reaffirmed a buy rating and issued a $85.00 target price (up from $75.00) on shares of Quintiles Transitional Holdings in a research report on Thursday, August 18th. Zacks Investment Research downgraded Quintiles Transitional Holdings from a buy rating to a hold rating in a research report on Saturday, August 6th. Finally, KeyCorp reiterated a buy rating on shares of Quintiles Transitional Holdings in a research note on Thursday, July 28th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Quintiles Transitional Holdings presently has an average rating of Buy and an average target price of $81.77.
Quintiles Transitional Holdings (NYSE:Q) traded down 1.94% during mid-day trading on Wednesday, reaching $78.98. 925,698 shares of the company were exchanged. The stock’s 50-day moving average price is $77.63 and its 200-day moving average price is $71.17. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 23.75 and a beta of 0.58. Quintiles Transitional Holdings has a 1-year low of $55.01 and a 1-year high of $81.45.
Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Wednesday, July 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.03. The company earned $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Quintiles Transitional Holdings had a negative return on equity of 189.34% and a net margin of 6.83%. Quintiles Transitional Holdings’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, equities research analysts anticipate that Quintiles Transitional Holdings will post $3.81 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of Q. 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 valued at $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 valued at $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 valued at $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 valued at $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 valued at $130,000. 92.78% of the stock is currently owned by institutional investors.
About Quintiles Transitional Holdings
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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