BidaskClub upgraded shares of Icon (NASDAQ:ICLR) from a sell rating to a hold rating in a research note published on Friday.
Several other research firms also recently commented on ICLR. Zacks Investment Research downgraded Icon from a buy rating to a hold rating in a research note on Wednesday, January 10th. KeyCorp reaffirmed a buy rating and set a $130.00 price objective on shares of Icon in a research note on Thursday, January 11th. Mizuho set a $109.00 price objective on Icon and gave the company a hold rating in a research note on Wednesday, January 24th. SunTrust Banks reaffirmed a buy rating and set a $133.00 price objective on shares of Icon in a research note on Monday, January 22nd. Finally, Credit Suisse Group raised Icon to a buy rating and set a $131.00 price objective for the company in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $126.00.
Shares of Icon (ICLR) opened at $123.90 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $6,700.00, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45. Icon has a one year low of $76.46 and a one year high of $124.65.
Hedge funds have recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new position in shares of Icon during the 4th quarter worth approximately $144,000. SG Americas Securities LLC purchased a new position in shares of Icon during the 3rd quarter worth approximately $148,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Icon during the 4th quarter worth approximately $196,000. Advisor Partners LLC purchased a new position in shares of Icon during the 4th quarter worth approximately $201,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Icon during the 4th quarter worth approximately $203,000. 90.50% of the stock is owned by institutional investors and hedge funds.
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ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.
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