Shares of ICON Public Limited (NASDAQ:ICLR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $279.17.
ICLR has been the topic of a number of recent research reports. Truist Financial lowered their target price on ICON Public from $284.00 to $262.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their price objective on ICON Public from $221.00 to $203.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Leerink Partners reaffirmed an "outperform" rating and set a $255.00 target price (down from $270.00) on shares of ICON Public in a report on Tuesday, November 19th. William Blair reiterated an "outperform" rating on shares of ICON Public in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $263.00 price target on shares of ICON Public in a research report on Wednesday, January 15th.
Get Our Latest Stock Analysis on ICLR
Hedge Funds Weigh In On ICON Public
A number of hedge funds have recently made changes to their positions in ICLR. Natixis Advisors LLC raised its position in shares of ICON Public by 6.7% in the fourth quarter. Natixis Advisors LLC now owns 177,761 shares of the medical research company's stock valued at $37,279,000 after buying an additional 11,177 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in ICON Public by 1.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 158,947 shares of the medical research company's stock valued at $33,333,000 after acquiring an additional 1,600 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in ICON Public by 40.6% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 97,102 shares of the medical research company's stock valued at $20,363,000 after acquiring an additional 28,050 shares during the last quarter. Motley Fool Wealth Management LLC boosted its holdings in shares of ICON Public by 2.3% during the 4th quarter. Motley Fool Wealth Management LLC now owns 64,038 shares of the medical research company's stock worth $13,342,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Foyston Gordon & Payne Inc grew its position in shares of ICON Public by 27.3% in the fourth quarter. Foyston Gordon & Payne Inc now owns 51,713 shares of the medical research company's stock valued at $10,845,000 after purchasing an additional 11,089 shares in the last quarter. Institutional investors and hedge funds own 95.61% of the company's stock.
ICON Public Stock Performance
ICLR opened at $185.77 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.34 and a debt-to-equity ratio of 0.36. ICON Public has a 12-month low of $174.93 and a 12-month high of $347.72. The firm has a 50 day moving average of $195.57 and a two-hundred day moving average of $229.43. The firm has a market capitalization of $15.00 billion, a PE ratio of 19.49, a P/E/G ratio of 1.86 and a beta of 1.21.
ICON Public (NASDAQ:ICLR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The medical research company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.01. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.04 billion. ICON Public had a net margin of 9.56% and a return on equity of 11.81%. On average, analysts anticipate that ICON Public will post 13.38 EPS for the current year.
About ICON Public
(
Get Free ReportICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ICON Public, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ICON Public wasn't on the list.
While ICON Public currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
