Quintiles Transitional Holdings (Q) Given Daily News Impact Rating of 0.14
Media headlines about Quintiles Transitional Holdings (NYSE:Q) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Quintiles Transitional Holdings earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the medical research company an impact score of 45.5692025047346 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Credit Suisse Group Reaffirms “Outperform” Rating for Quintiles Transitional Holdings Inc. (Q) (americanbankingnews.com)
- Quintiles Transitional Holdings Inc. (Q) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Quintiles Transitional Holdings (Q) and Its Competitors Financial Survey (americanbankingnews.com)
- ETFs with exposure to Quintiles IMS Holdings, Inc. : October 13, 2017 (finance.yahoo.com)
Q has been the topic of a number of research analyst reports. BidaskClub upgraded Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Zacks Investment Research cut Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Citigroup Inc. reiterated a “neutral” rating and issued a $96.00 target price (up previously from $87.00) on shares of Quintiles Transitional Holdings in a report on Wednesday, June 28th. Robert W. Baird upgraded Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $76.00 to $93.00 in a report on Friday, July 7th. Finally, Royal Bank Of Canada initiated coverage on Quintiles Transitional Holdings in a report on Tuesday, September 19th. They issued an “outperform” rating and a $116.00 target price on the stock. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Quintiles Transitional Holdings has a consensus rating of “Buy” and an average price target of $94.38.
Quintiles Transitional Holdings (NYSE Q) opened at 101.82 on Friday. The firm’s 50 day moving average price is $96.40 and its 200-day moving average price is $89.46. Quintiles Transitional Holdings has a 52 week low of $70.10 and a 52 week high of $102.09. The firm has a market cap of $22.05 billion, a PE ratio of 295.13 and a beta of 0.62.
Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The business’s quarterly revenue was up 68.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. On average, analysts forecast that Quintiles Transitional Holdings will post $4.58 EPS for the current year.
In other Quintiles Transitional Holdings news, insider Kevin C. Knightly sold 19,339 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the completion of the sale, the insider now directly owns 40,650 shares in the company, valued at $4,045,081.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin C. Knightly sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $90.28, for a total transaction of $1,805,600.00. Following the sale, the insider now owns 46,826 shares of the company’s stock, valued at $4,227,451.28. The disclosure for this sale can be found here. Insiders have sold 14,198,382 shares of company stock worth $1,361,834,375 over the last three months. Company insiders own 6.40% of the company’s stock.
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About Quintiles Transitional Holdings
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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