The Icon PLC (ICLR) Receives $83.92 Consensus PT from Brokerages

The Icon PLC (ICLR) Receives $83.92 Consensus PT from Brokerages

Shares of Icon PLC (NASDAQ:ICLR) have received a consensus rating of “Buy” from the nine ratings firms that are covering the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $83.92.

ICLR has been the subject of several research reports. Evercore ISI raised Icon PLC from a “hold” rating to a “buy” rating and increased their price objective for the company from $81.50 to $89.00 in a report on Friday, October 14th. Zacks Investment Research lowered Icon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Avondale Partners raised Icon PLC from an “underperform” rating to a “market perform” rating in a report on Thursday, October 20th. Jefferies Group reissued a “hold” rating and set a $87.50 price objective (up from $80.00) on shares of Icon PLC in a report on Monday, October 24th. Finally, KeyCorp reissued a “buy” rating and set a $85.00 price objective on shares of Icon PLC in a report on Wednesday, July 27th.

Several large investors have recently modified their holdings of the company. Societe Generale acquired a new stake in shares of Icon PLC during the second quarter worth about $129,000. SG Americas Securities LLC acquired a new stake in shares of Icon PLC during the second quarter worth about $129,000. Invictus RG increased its stake in shares of Icon PLC by 2.2% in the second quarter. Invictus RG now owns 1,852 shares of the company’s stock worth $130,000 after buying an additional 40 shares during the period. Creative Planning increased its stake in shares of Icon PLC by 91.1% in the second quarter. Creative Planning now owns 2,073 shares of the company’s stock worth $145,000 after buying an additional 988 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Icon PLC during the second quarter worth about $150,000. Institutional investors own 93.73% of the company’s stock.

Icon PLC (NASDAQ:ICLR) opened at 80.32 on Wednesday. The stock’s 50 day moving average price is $78.05 and its 200 day moving average price is $72.81. The company has a market capitalization of $4.48 billion, a P/E ratio of 18.00 and a beta of 0.66. Icon PLC has a 52 week low of $62.31 and a 52 week high of $85.74.

Icon PLC (NASDAQ:ICLR) last announced its quarterly earnings data on Thursday, October 20th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.01. Icon PLC had a return on equity of 29.47% and a net margin of 15.60%. The business earned $420.20 million during the quarter, compared to analyst estimates of $420.14 million. During the same period in the prior year, the company earned $1.02 earnings per share. Icon PLC’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Icon PLC will post $4.71 earnings per share for the current year.

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