Iqvia (NYSE:IQV) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.23-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.20. Iqvia also updated its FY18 guidance to $5.35-5.60 EPS.
Several research firms have recently commented on IQV. SunTrust Banks reissued a hold rating and issued a $114.00 target price on shares of Iqvia in a research note on Friday, November 3rd. Jefferies Group raised their price target on Iqvia from $107.00 to $110.00 and gave the stock a hold rating in a research report on Monday, October 30th. Zacks Investment Research lowered Iqvia from a buy rating to a hold rating in a research report on Friday, November 3rd. Credit Suisse Group restated an outperform rating and issued a $125.00 price target (up from $115.00) on shares of Iqvia in a research report on Tuesday, October 31st. Finally, Barclays raised their price target on Iqvia from $100.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Iqvia has an average rating of Buy and a consensus price target of $109.71.
Iqvia (NYSE IQV) opened at $104.68 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $20,811.27, a PE ratio of 360.98, a price-to-earnings-growth ratio of 1.36 and a beta of 0.61. Iqvia has a twelve month low of $75.94 and a twelve month high of $110.67.
In other news, insider James H. Erlinger III sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $99.97, for a total value of $999,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ari Bousbib sold 46,080 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $101.79, for a total value of $4,690,483.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,727,078 shares of company stock worth $890,124,079. Corporate insiders own 6.40% of the company’s stock.
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Iqvia Company Profile
IQVIA Holdings Inc, formerly Quintiles IMS 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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