Zacks Investment Research upgraded shares of Quintiles Transitional Holdings Inc. (NYSE:Q) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $89.00 price target on the stock.

According to Zacks, “Quintiles Transnational Holdings Inc. provides professional services, information and partnering solutions to the pharmaceutical services, biotechnology and healthcare industries. The Company has two segments: Product Development and Integrated Healthcare Services. It offers project management, clinical monitoring services, strategic planning and design services, consulting services contract sales, market entry/market exit, integrated channel management, patient engagement, market access and commercialization consulting, brand and scientific communication, and medical education services; outcome/observational services. The Company operates in Americas, Europe and Africa, and the Asia-Pacific. Quintiles Transnational Holdings Inc. is based in Durham, North Carolina. “

A number of other analysts have also issued reports on the stock. Avondale Partners raised shares of Quintiles Transitional Holdings from a market perform rating to an outperform rating and boosted their target price for the company from $62.00 to $87.00 in a research note on Monday, July 11th. Evercore ISI boosted their target price on shares of Quintiles Transitional Holdings from $70.00 to $78.00 and gave the company a hold rating in a research note on Wednesday, July 27th. KeyCorp reissued a buy rating on shares of Quintiles Transitional Holdings in a research note on Thursday, July 28th. Citigroup Inc. boosted their target price on shares of Quintiles Transitional Holdings from $72.00 to $75.00 and gave the company a neutral rating in a research note on Thursday, July 28th. Finally, Deutsche Bank AG boosted their target price on shares of Quintiles Transitional Holdings from $71.00 to $81.00 and gave the company a buy rating in a research note on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $81.85.

Shares of Quintiles Transitional Holdings (NYSE:Q) traded down 1.99% on Tuesday, hitting $75.69. 287,545 shares of the company traded hands. The firm’s 50-day moving average is $78.02 and its 200 day moving average is $71.58. The firm has a market capitalization of $8.97 billion, a P/E ratio of 22.76 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 posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Quintiles Transitional Holdings will post $3.82 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of Q. Geode Capital Management LLC raised its position in shares of Quintiles Transitional Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 578,937 shares of the company’s stock worth $37,667,000 after buying an additional 41,879 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Quintiles Transitional Holdings by 23.0% in the first quarter. Envestnet Asset Management Inc. now owns 33,360 shares of the company’s stock worth $2,172,000 after buying an additional 6,240 shares during the period. State Street Corp raised its position in shares of Quintiles Transitional Holdings by 9.6% in the first quarter. State Street Corp now owns 1,793,759 shares of the company’s stock worth $116,784,000 after buying an additional 156,764 shares during the period. Wealthsource Partners LLC acquired a new position in shares of Quintiles Transitional Holdings during the first quarter worth about $264,000. Finally, Panagora Asset Management Inc. raised its position in shares of Quintiles Transitional Holdings by 9.9% in the first quarter. Panagora Asset Management Inc. now owns 99,681 shares of the company’s stock worth $6,489,000 after buying an additional 9,018 shares during the period. 92.78% of the stock is currently owned by institutional investors and hedge funds.

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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