Quintiles Transitional Holdings Inc. (NYSE:Q) – Research analysts at William Blair lifted their FY2016 earnings per share (EPS) estimates for Quintiles Transitional Holdings in a report released on Friday. William Blair analyst J. Kreger now forecasts that the firm will earn $3.87 per share for the year, up from their previous estimate of $3.81. William Blair also issued estimates for Quintiles Transitional Holdings’ Q4 2016 earnings at $1.06 EPS, FY2017 earnings at $4.50 EPS, FY2018 earnings at $5.27 EPS and FY2019 earnings at $5.98 EPS.

Several other research firms have also commented on Q. Stifel Nicolaus initiated coverage on shares of Quintiles Transitional Holdings in a research report on Friday, October 14th. They issued a “hold” rating and a $84.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Quintiles Transitional Holdings from $70.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, July 27th. TheStreet raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Tuesday, October 11th. Finally, Pacific Crest boosted their target price on shares of Quintiles Transitional Holdings from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $81.07.

Earnings History and Estimates for Quintiles Transitional Holdings (NYSE:Q)

Quintiles Transitional Holdings (NYSE:Q) opened at 77.13 on Monday. The stock has a 50 day moving average of $76.26 and a 200 day moving average of $72.48. Quintiles Transitional Holdings has a 1-year low of $55.01 and a 1-year high of $81.45. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 23.72 and a beta of 0.66.

Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. Quintiles Transitional Holdings had a net margin of 6.55% and a negative return on equity of 212.51%. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Quintiles Transitional Holdings by 158.5% in the third quarter. Toronto Dominion Bank now owns 1,272 shares of the company’s stock worth $103,000 after buying an additional 780 shares during the last quarter. Pacer Advisors Inc. boosted its position 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 in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position 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 in the last quarter. Invictus RG bought a new position in Quintiles Transitional Holdings during the second quarter worth $125,000. Finally, Citizens Financial Group Inc RI boosted its position in Quintiles Transitional Holdings by 4.7% in the second quarter. Citizens Financial Group Inc RI now owns 2,070 shares of the company’s stock worth $135,000 after buying an additional 92 shares in the last quarter. 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.

5 Day Chart for NYSE:Q

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