Robert W. Baird set a $46.00 price target on INC Research Holdings, Inc. (NASDAQ:INCR) in a research note released on Thursday morning. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on INCR. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $65.00 price target on shares of INC Research Holdings in a research note on Monday, August 7th. Zacks Investment Research lowered INC Research Holdings from a buy rating to a hold rating in a research note on Wednesday, October 4th. TheStreet upgraded INC Research Holdings from a c rating to a b- rating in a research report on Monday, November 6th. Credit Suisse Group reduced their price objective on INC Research Holdings from $68.00 to $54.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, Mizuho initiated coverage on INC Research Holdings in a research report on Thursday, September 21st. They set a neutral rating and a $57.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. INC Research Holdings currently has an average rating of Hold and a consensus price target of $56.33.

Shares of INC Research Holdings (INCR) traded down $0.25 on Thursday, hitting $37.75. The stock had a trading volume of 1,642,576 shares, compared to its average volume of 908,579. INC Research Holdings has a one year low of $33.60 and a one year high of $61.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $3,970.00 and a price-to-earnings ratio of 15.76.

INC Research Holdings (NASDAQ:INCR) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.09). INC Research Holdings had a negative net margin of 4.29% and a positive return on equity of 14.42%. The business had revenue of $592.21 million during the quarter, compared to the consensus estimate of $604.95 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 128.2% on a year-over-year basis. equities analysts expect that INC Research Holdings will post 2.29 earnings per share for the current fiscal year.

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In other INC Research Holdings news, CEO Alistair Macdonald sold 2,348 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $54.60, for a total value of $128,200.80. Following the sale, the chief executive officer now owns 99,453 shares in the company, valued at approximately $5,430,133.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory S. Rush sold 41,420 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.26, for a total value of $2,413,129.20. Following the completion of the sale, the chief financial officer now owns 42,793 shares in the company, valued at approximately $2,493,120.18. The disclosure for this sale can be found here. Insiders have sold a total of 189,493 shares of company stock worth $11,059,514 in the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lee Thomas H Partners LP bought a new stake in shares of INC Research Holdings in the 3rd quarter valued at about $1,316,644,000. Arizona State Retirement System bought a new stake in shares of INC Research Holdings in the 2nd quarter valued at about $1,336,000. Koch Industries Inc. bought a new stake in shares of INC Research Holdings in the 2nd quarter valued at about $499,000. Personal Capital Advisors Corp bought a new stake in shares of INC Research Holdings in the 3rd quarter valued at about $234,000. Finally, Swiss National Bank grew its position in shares of INC Research Holdings by 2.2% in the 2nd quarter. Swiss National Bank now owns 89,877 shares of the company’s stock valued at $5,258,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 77.75% of the company’s stock.

About INC Research Holdings

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

Analyst Recommendations for INC Research Holdings (NASDAQ:INCR)

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