Stifel Nicolaus started coverage on shares of Quintiles Transitional Holdings Inc. (NYSE:Q) in a research note issued to investors on Friday morning. The firm issued a hold rating and a $84.00 price target on the stock.

Q has been the subject of several other research reports. Goldman Sachs Group Inc. upgraded shares of Quintiles Transitional Holdings from a not rated rating to a buy rating and set a $94.00 price target for the company in a research report on Wednesday, October 5th. Zacks Investment Research cut shares of Quintiles Transitional Holdings from a buy rating to a hold rating in a research report on Saturday, August 6th. Deutsche Bank AG lifted their price target on shares of Quintiles Transitional Holdings from $71.00 to $81.00 and gave the stock a buy rating in a research report on Thursday, July 28th. Avondale Partners upgraded shares of Quintiles Transitional Holdings from a market perform rating to an outperform rating and boosted their price objective for the company from $62.00 to $87.00 in a report on Monday, July 11th. Finally, Citigroup Inc. boosted their price objective on shares of Quintiles Transitional Holdings from $72.00 to $75.00 and gave the company a neutral rating in a report on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $82.00.

Analyst Recommendations for Quintiles Transitional Holdings (NYSE:Q)

Quintiles Transitional Holdings (NYSE:Q) traded up 0.445% during midday trading on Friday, reaching $75.675. 206,875 shares of the company’s stock were exchanged. The stock has a market cap of $8.97 billion, a P/E ratio of 22.753 and a beta of 0.58. The firm’s 50-day moving average is $78.01 and its 200 day moving average is $71.72. 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 issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.93 EPS for the quarter, topping the 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 company earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $0.78 EPS. Quintiles Transitional Holdings’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Quintiles Transitional Holdings will post $3.82 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its position in Quintiles Transitional Holdings by 8.4% in the first quarter. Aperio Group LLC now owns 14,309 shares of the company’s stock valued at $932,000 after buying an additional 1,105 shares during the period. Prudential Financial Inc. increased its position in Quintiles Transitional Holdings by 25.0% in the first quarter. Prudential Financial Inc. now owns 19,990 shares of the company’s stock valued at $1,301,000 after buying an additional 4,000 shares during the period. BlackRock Inc. increased its position in Quintiles Transitional Holdings by 13.2% in the first quarter. BlackRock Inc. now owns 99,811 shares of the company’s stock valued at $6,497,000 after buying an additional 11,613 shares during the period. BlackRock Group LTD increased its position in Quintiles Transitional Holdings by 8.7% in the first quarter. BlackRock Group LTD now owns 569,031 shares of the company’s stock valued at $37,044,000 after buying an additional 45,647 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Quintiles Transitional Holdings by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,535,064 shares of the company’s stock valued at $165,033,000 after buying an additional 24,574 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

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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