Quintiles Transnational Holdings Stock Rating Upgraded by Goldman Sachs Group Inc. (Q)
Quintiles Transnational Holdings (NYSE:Q) was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $58.00 target price on the stock, up from their previous target price of $50.00. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 21.49% from the company’s current price.
In other Quintiles Transnational Holdings news, VP Derek Winstanly sold 60,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $50.00, for a total transaction of $3,000,000.00. Following the completion of the transaction, the vice president now directly owns 229,500 shares in the company, valued at approximately $11,475,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on Q. Analysts at Robert W. Baird raised their price target on shares of Quintiles Transnational Holdings from $3.00 to $55.00 in a research note to investors on Friday, December 20th. Separately, analysts at Deutsche Bank downgraded shares of Quintiles Transnational Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a $51.00 price target on the stock, down previously from $51.50. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.95.
Shares of Quintiles Transnational Holdings (NYSE:Q) traded down 0.56% on Tuesday, hitting $47.74. 312,113 shares of the company’s stock traded hands. Quintiles Transnational Holdings has a 1-year low of $40.10 and a 1-year high of $52.00. The stock’s 50-day moving average is $46.13 and its 200-day moving average is $44.41. The company has a market cap of $6.155 billion and a price-to-earnings ratio of 31.48.
Quintiles Transnational Holdings (NYSE:Q) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $952.14 million. Quintiles Transnational Holdings’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Quintiles Transnational Holdings will post $2.06 earnings per share for the current fiscal year.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.