PAREXEL International Corporation (PRXL) Given Average Recommendation of “Hold” by Brokerages
Shares of PAREXEL International Corporation (NASDAQ:PRXL) have earned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $75.92.
PRXL has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of PAREXEL International Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of PAREXEL International Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $88.10 price target on shares of PAREXEL International Corporation in a report on Wednesday, June 21st. Raymond James Financial, Inc. raised shares of PAREXEL International Corporation from an “underperform” rating to a “mkt perform” rating in a report on Tuesday, June 20th. Finally, Barclays PLC downgraded shares of PAREXEL International Corporation from an “overweighr” rating to an “equal weight” rating and set a $87.00 price target on the stock. in a report on Tuesday, June 20th.
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A number of institutional investors and hedge funds have recently made changes to their positions in PRXL. BlackRock Inc. raised its stake in PAREXEL International Corporation by 22,876.6% in the first quarter. BlackRock Inc. now owns 5,513,456 shares of the medical research company’s stock valued at $347,955,000 after purchasing an additional 5,489,460 shares in the last quarter. Credit Suisse AG raised its stake in PAREXEL International Corporation by 1,897.2% in the first quarter. Credit Suisse AG now owns 2,093,297 shares of the medical research company’s stock valued at $132,108,000 after purchasing an additional 1,988,488 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in PAREXEL International Corporation in the second quarter valued at approximately $113,716,000. CNH Partners LLC purchased a new stake in PAREXEL International Corporation in the second quarter valued at approximately $109,948,000. Finally, Nomura Holdings Inc. raised its stake in PAREXEL International Corporation by 189.6% in the first quarter. Nomura Holdings Inc. now owns 1,381,087 shares of the medical research company’s stock valued at $87,088,000 after purchasing an additional 904,236 shares in the last quarter. 87.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of PAREXEL International Corporation (NASDAQ:PRXL) traded down 0.02% during trading on Friday, hitting $88.08. 7,021,106 shares of the stock traded hands. The stock has a 50-day moving average of $87.85 and a 200 day moving average of $79.27. PAREXEL International Corporation has a 1-year low of $51.16 and a 1-year high of $88.10. The company has a market cap of $4.50 billion, a P/E ratio of 42.76 and a beta of 0.77.
PAREXEL International Corporation (NASDAQ:PRXL) last announced its quarterly earnings results on Monday, August 28th. The medical research company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. PAREXEL International Corporation had a net margin of 4.49% and a return on equity of 28.98%. The firm had revenue of $557.20 million for the quarter, compared to the consensus estimate of $537.59 million. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts predict that PAREXEL International Corporation will post $4.06 EPS for the current fiscal year.
PAREXEL International Corporation Company Profile
PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company. The Company provides a range of expertise in clinical research, clinical logistics, medical communications, consulting, commercialization, and technology products and services to pharmaceutical, biotechnology and medical device industries.
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