Quest Diagnostics Incorporated (NYSE:DGX) has been given a $105.00 price target by research analysts at SunTrust Banks, Inc. in a report issued on Sunday. The brokerage presently has a “hold” rating on the medical research company’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 14.72% from the company’s current price. SunTrust Banks also issued estimates for Quest Diagnostics’ Q3 2017 earnings at $1.34 EPS and FY2017 earnings at $5.61 EPS.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Quest Diagnostics in a research report on Thursday, October 12th. They set a “market perform” rating and a $88.00 price objective for the company. Goldman Sachs Group, Inc. (The) downgraded shares of Quest Diagnostics from a “conviction-buy” rating to a “buy” rating and reduced their price objective for the stock from $121.00 to $113.00 in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Quest Diagnostics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Credit Suisse Group reduced their price objective on shares of Quest Diagnostics from $110.00 to $99.00 and set a “neutral” rating for the company in a research report on Thursday, September 28th. Finally, ValuEngine downgraded shares of Quest Diagnostics from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $108.86.

Quest Diagnostics (NYSE:DGX) opened at 91.53 on Friday. The firm’s 50-day moving average is $99.98 and its 200-day moving average is $104.83. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 18.45 and a beta of 0.66. Quest Diagnostics has a 52 week low of $79.12 and a 52 week high of $112.97.

Quest Diagnostics (NYSE:DGX) last issued its quarterly earnings results on Tuesday, July 25th. The medical research company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. Quest Diagnostics had a net margin of 9.28% and a return on equity of 15.66%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Quest Diagnostics will post $5.64 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/17/quest-diagnostics-incorporated-dgx-pt-set-at-105-00-by-suntrust-banks-inc.html.

In other Quest Diagnostics news, CEO Stephen H. Rusckowski sold 53,933 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $108.16, for a total value of $5,833,393.28. Following the transaction, the chief executive officer now directly owns 220,049 shares of the company’s stock, valued at approximately $23,800,499.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey M. Leiden sold 296 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $106.66, for a total transaction of $31,571.36. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $639,960. The disclosure for this sale can be found here. Insiders sold a total of 161,996 shares of company stock worth $17,517,207 over the last ninety days. Corporate insiders own 1.75% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its stake in Quest Diagnostics by 55.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 34,817 shares of the medical research company’s stock valued at $3,870,000 after buying an additional 12,478 shares during the period. Bank of America Corp DE increased its stake in Quest Diagnostics by 0.6% in the 1st quarter. Bank of America Corp DE now owns 1,887,303 shares of the medical research company’s stock valued at $185,315,000 after buying an additional 11,399 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Quest Diagnostics by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 487,316 shares of the medical research company’s stock valued at $54,171,000 after buying an additional 18,968 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Quest Diagnostics by 12.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,104 shares of the medical research company’s stock valued at $3,680,000 after buying an additional 3,719 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Quest Diagnostics by 76.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,144,504 shares of the medical research company’s stock valued at $127,223,000 after buying an additional 494,535 shares during the period. 86.99% of the stock is currently owned by institutional investors.

Quest Diagnostics Company Profile

Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).

Analyst Recommendations for Quest Diagnostics (NYSE:DGX)

Receive News & Stock Ratings for Quest Diagnostics Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quest Diagnostics Incorporated and related stocks with our FREE daily email newsletter.