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ICON Public (ICLR) Stock Price, News & Analysis

$300.92
-1.53 (-0.51%)
(As of 09/19/2024 ET)

About ICON Public Stock (NASDAQ:ICLR)

Key Stats

Today's Range
$299.81
$310.37
50-Day Range
$280.48
$346.20
52-Week Range
$221.20
$347.72
Volume
299,220 shs
Average Volume
569,005 shs
Market Capitalization
$24.82 billion
P/E Ratio
36.61
Dividend Yield
N/A
Price Target
$354.40
Consensus Rating
Buy

Company Overview

ICON 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. It also offers clinical development services, including all phases of development, peri and post approval, data solutions, and site and patient access services; clinical trial management, consulting, and contract staffing services; and commercial services comprising clinical development strategy, planning and trial design, full study execution, and post-market commercialization. In addition, the company provides laboratory services, including bionanalytical, biomarker, vaccine, good manufacturing practice, and central laboratory services, as well as full-service and functional service partnerships to customers. Further, it offers adaptive trials, cardiac safety solutions, clinical and scientific operations, consulting and advisory, commercial positioning, decentralized and hybrid clinical trials, early clinical, laboratories, language services, medical imaging, real world intelligence, site and patient, and strategic solutions. The company serves pharmaceutical, biotechnology, and medical device industries, as well as government and public health organizations. ICON Public Limited Company was incorporated in 1990 and is headquartered in Dublin, Ireland.

ICON Public Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 90th Percentile

ICON Public scored higher than 90% of companies evaluated by MarketBeat, and ranked 160th out of 1,007 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ICON Public has received a consensus rating of Buy. The company's average rating score is 3.08, and is based on 11 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ICON Public has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about ICON Public's stock forecast and price target.
  • Earnings Growth

    Earnings for ICON Public are expected to grow by 15.34% in the coming year, from $14.54 to $16.77 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ICON Public is 36.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.02.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ICON Public is 36.61, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 119.92.

  • Price to Earnings Growth Ratio

    ICON Public has a PEG Ratio of 1.29. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    ICON Public has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about ICON Public's valuation and earnings.
  • Percentage of Shares Shorted

    1.89% of the float of ICON Public has been sold short.
  • Short Interest Ratio / Days to Cover

    ICON Public has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ICON Public has recently decreased by 2.52%, indicating that investor sentiment is improving.
  • Dividend Yield

    ICON Public does not currently pay a dividend.

  • Dividend Growth

    ICON Public does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.89% of the float of ICON Public has been sold short.
  • Short Interest Ratio / Days to Cover

    ICON Public has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ICON Public has recently decreased by 2.52%, indicating that investor sentiment is improving.
  • News Sentiment

    ICON Public has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for ICON Public this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    2 people have added ICON Public to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ICON Public insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    44.00% of the stock of ICON Public is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    95.61% of the stock of ICON Public is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about ICON Public's insider trading history.

ICLR Stock News Headlines

ICON Public (NASDAQ:ICLR) Stock Rating Upgraded by Leerink Partnrs
Icon’s Market Leadership and Financial Fortitude Warrant a Strong Buy Rating
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ICON draws bullish view at Leerink on business model
Implied Volatility Surging for ICON (ICLR) Stock Options
ICON Public (NASDAQ:ICLR) Upgraded to Buy at StockNews.com
ICON Public (NASDAQ:ICLR) Given "Buy" Rating at Truist Financial
See More Headlines

ICLR Stock Analysis - Frequently Asked Questions

ICON Public's stock was trading at $283.07 at the start of the year. Since then, ICLR shares have increased by 6.3% and is now trading at $300.92.
View the best growth stocks for 2024 here
.

ICON Public Limited (NASDAQ:ICLR) posted its quarterly earnings results on Wednesday, July, 24th. The medical research company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.07. The company's revenue for the quarter was up 4.1% on a year-over-year basis.

ICON Public subsidiaries include PRA Health Sciences, MedPass International, MeDiNova Research, MolecularMD, Mapi Group, Clinical Research Management, PMG Research, and more.

Top institutional investors of ICON Public include Liontrust Investment Partners LLP (0.15%), Kornitzer Capital Management Inc. KS (0.12%), Susquehanna International Group LLP and Millennium Management LLC.

Shares of ICLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ICON Public investors own include Pfizer (PFE), Gilead Sciences (GILD), Visa (V), NVIDIA (NVDA), CVS Health (CVS), UnitedHealth Group (UNH) and Alibaba Group (BABA).

Company Calendar

Last Earnings
7/24/2024
Today
9/19/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Diagnostics & Research
Sub-Industry
Business Services
Current Symbol
NASDAQ:ICLR
Employees
41,100
Year Founded
1990

Price Target and Rating

Average Stock Price Target
$354.40
High Stock Price Target
$383.00
Low Stock Price Target
$315.00
Potential Upside/Downside
+17.8%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
12 Analysts

Profitability

Net Income
$612.34 million
Pretax Margin
9.05%

Debt

Sales & Book Value

Annual Sales
$8.33 billion
Cash Flow
$20.21 per share
Book Value
$112.02 per share

Miscellaneous

Free Float
46,197,000
Market Cap
$24.82 billion
Optionable
Optionable
Beta
1.22

Social Links

Should I Buy ICON Public Stock? ICLR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 26, 2024. Please send any questions or comments about these ICON Public pros and cons to contact@marketbeat.com.

ICON Public
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in ICON Public Limited:

  • ICON Public's short interest has expanded by 12.2%, indicating potential positive sentiment among investors.
  • Analysts have been upgrading their price targets for ICON Public, with a consensus price target of $352.56, suggesting growth potential.
  • William Blair raised their FY2024 EPS estimates for ICON Public, projecting earnings of $14.63 per share, which could attract investors seeking strong earnings growth.
  • ICON Public's recent quarterly earnings beat analysts' estimates, showing strong financial performance and potential for future growth.
  • ICON Public's stock price has been trading up, reaching $329.33, which may indicate positive momentum and investor confidence.

ICON Public
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in ICON Public Limited for these reasons:

  • Short interest in ICON Public has increased, which could indicate potential volatility or uncertainty in the market.
  • Some analysts have lowered their price targets for ICON Public, which may suggest concerns about future performance.
  • While the FY2024 EPS estimates were raised, there is always a risk of not meeting these heightened expectations, leading to potential disappointment among investors.
  • The stock's 50-day moving average is $322.17, which could signal a potential resistance level for the stock price.
  • ICON Public's fifty-two week high of $347.72 may pose a challenge for further significant price appreciation in the near term.

This page (NASDAQ:ICLR) was last updated on 9/19/2024 by MarketBeat.com Staff
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