INC Research Holdings Inc (INCR) Stock Rating Reaffirmed by Jefferies Group LLC

INC Research Holdings Inc (NASDAQ:INCR)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a note issued to investors on Friday. They presently have a $51.00 target price on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 16.04% from the stock’s current price.

A number of other research firms also recently weighed in on INCR. Zacks Investment Research upgraded shares of INC Research Holdings from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday, January 6th. SunTrust Banks, Inc. downgraded shares of INC Research Holdings from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Monday, March 20th. TheStreet downgraded shares of INC Research Holdings from a “b-” rating to a “c” rating in a research report on Thursday, March 23rd. William Blair reiterated an “outperform” rating on shares of INC Research Holdings in a research report on Wednesday, March 1st. Finally, Goldman Sachs Group Inc downgraded shares of INC Research Holdings from a “conviction-buy” rating to a “buy” rating and set a $51.00 price target for the company. in a research report on Wednesday, March 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.86.

Analyst Recommendations for INC Research Holdings (NASDAQ:INCR)

Shares of INC Research Holdings (NASDAQ:INCR) traded down 0.45% during mid-day trading on Friday, hitting $43.95. The company’s stock had a trading volume of 528,915 shares. The company has a 50-day moving average price of $44.52 and a 200-day moving average price of $48.58. The stock has a market cap of $2.37 billion, a PE ratio of 21.65 and a beta of 1.74. INC Research Holdings has a 1-year low of $36.70 and a 1-year high of $56.88.

INC Research Holdings (NASDAQ:INCR) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.67 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. The firm earned $263 million during the quarter, compared to the consensus estimate of $269 million. INC Research Holdings had a net margin of 6.58% and a return on equity of 49.42%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. Analysts predict that INC Research Holdings will post $2.66 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “INC Research Holdings Inc (INCR) Stock Rating Reaffirmed by Jefferies Group LLC” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2485903/inc-research-holdings-inc-incr-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In other INC Research Holdings news, CAO Christopher L. Gaenzle sold 4,733 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $45.70, for a total transaction of $216,298.10. Following the sale, the chief accounting officer now owns 53,050 shares of the company’s stock, valued at $2,424,385. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Alistair Macdonald sold 8,828 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $45.00, for a total transaction of $397,260.00. Following the sale, the chief executive officer now directly owns 83,296 shares in the company, valued at approximately $3,748,320. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in INC Research Holdings by 8.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 147,886 shares of the company’s stock worth $6,592,000 after buying an additional 11,686 shares during the last quarter. Teachers Advisors LLC boosted its stake in INC Research Holdings by 7.6% in the third quarter. Teachers Advisors LLC now owns 317,337 shares of the company’s stock worth $14,147,000 after buying an additional 22,327 shares during the last quarter. New York State Common Retirement Fund boosted its stake in INC Research Holdings by 5.4% in the third quarter. New York State Common Retirement Fund now owns 45,200 shares of the company’s stock worth $2,015,000 after buying an additional 2,300 shares during the last quarter. Bank of Montreal Can boosted its stake in INC Research Holdings by 6.0% in the third quarter. Bank of Montreal Can now owns 93,143 shares of the company’s stock worth $4,152,000 after buying an additional 5,310 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in INC Research Holdings during the fourth quarter worth $39,034,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About INC Research Holdings

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

5 Day Chart for NASDAQ:INCR

Receive News & Ratings for INC Research Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for INC Research Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mattel CEO Promises Growth Following Sales Slump
Mattel CEO Promises Growth Following Sales Slump
Burberry Misses Estimates on Sales
Burberry Misses Estimates on Sales
Snapchat: CEO Did Not Label India as Being Poor
Snapchat: CEO Did Not Label India as Being Poor
Credit Suisse Slashes Bonuses by 40%
Credit Suisse Slashes Bonuses by 40%
Daily Mail to Pay Melania Trump $3 Million
Daily Mail to Pay Melania Trump $3 Million
New York Approves Free College Tuition
New York Approves Free College Tuition


Leave a Reply

© 2006-2017 Ticker Report. Google+.