Today: Icon PLC (ICLR) Upgraded to “Buy” at Evercore ISI

Today: Icon PLC (ICLR) Upgraded to “Buy” at Evercore ISI

Evercore ISI upgraded shares of Icon PLC (NASDAQ:ICLR) from a hold rating to a buy rating in a research note issued to investors on Friday. They currently have $89.00 price target on the stock, up from their previous price target of $81.50.

Several other research analysts have also commented on the stock. Credit Suisse Group AG initiated coverage on shares of Icon PLC in a research note on Monday, June 20th. They set an outperform rating and a $80.00 price target on the stock. Robert W. Baird reiterated an outperform rating and issued a $83.00 target price on shares of Icon PLC in a research note on Monday, June 27th. KeyCorp reiterated a buy rating and issued a $85.00 target price on shares of Icon PLC in a research note on Wednesday, July 27th. Jefferies Group raised their target price on shares of Icon PLC from $78.00 to $80.00 and gave the company a hold rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research raised shares of Icon PLC from a hold rating to a buy rating and set a $87.00 price target for the company in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $80.25.

Shares of Icon PLC (NASDAQ:ICLR) traded up 0.31% during midday trading on Friday, hitting $77.30. 89,125 shares of the stock were exchanged. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 17.87 and a beta of 0.66. The stock’s 50-day moving average price is $76.65 and its 200-day moving average price is $72.33. Icon PLC has a 1-year low of $62.31 and a 1-year high of $79.80.

Icon PLC (NASDAQ:ICLR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.14. Icon PLC had a net margin of 15.70% and a return on equity of 29.89%. The company had revenue of $411 million for the quarter, compared to analyst estimates of $409.97 million. During the same quarter in the prior year, the business posted $0.95 EPS. Icon PLC’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that Icon PLC will post $4.70 EPS for the current year.

Large investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in Icon PLC by 59.1% in the second quarter. Alliancebernstein L.P. now owns 2,364,252 shares of the company’s stock valued at $165,521,000 after buying an additional 878,007 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Icon PLC by 4.1% in the second quarter. Westfield Capital Management Co. LP now owns 1,079,645 shares of the company’s stock valued at $75,586,000 after buying an additional 42,420 shares during the last quarter. Fiera Capital Corp boosted its stake in Icon PLC by 1,102.3% in the second quarter. Fiera Capital Corp now owns 959,409 shares of the company’s stock valued at $67,169,000 after buying an additional 879,609 shares during the last quarter. American Capital Management Inc. boosted its stake in Icon PLC by 1.9% in the second quarter. American Capital Management Inc. now owns 846,220 shares of the company’s stock valued at $59,244,000 after buying an additional 16,040 shares during the last quarter. Finally, Henderson Group PLC boosted its stake in Icon PLC by 19.8% in the second quarter. Henderson Group PLC now owns 761,493 shares of the company’s stock valued at $53,320,000 after buying an additional 125,629 shares during the last quarter. Institutional investors and hedge funds own 93.73% of the company’s stock.

Icon PLC Company Profile

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