INC Research Holdings, Inc. (INCR) Receives “Buy” Rating from Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of INC Research Holdings, Inc. (NASDAQ:INCR) in a report released on Monday. The firm currently has a $67.00 price target on the stock.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of INC Research Holdings from a buy rating to a hold rating in a research report on Wednesday, October 4th. Mizuho began coverage on shares of INC Research Holdings in a research report on Thursday, September 21st. They issued a neutral rating and a $57.00 price objective for the company. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $65.00 price objective on shares of INC Research Holdings in a research report on Monday, August 7th. TheStreet lowered shares of INC Research Holdings from a b rating to a c rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a hold rating and issued a $62.50 price objective on shares of INC Research Holdings in a research report on Sunday, July 30th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. INC Research Holdings presently has an average rating of Buy and a consensus price target of $64.22.

Shares of INC Research Holdings (INCR) opened at 54.05 on Monday. The firm has a 50-day moving average of $54.72 and a 200-day moving average of $53.55. The firm has a market cap of $2.93 billion, a P/E ratio of 33.12 and a beta of 1.34. INC Research Holdings has a 12-month low of $40.65 and a 12-month high of $61.10.

INC Research Holdings (NASDAQ:INCR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The business had revenue of $258.10 million during the quarter, compared to analyst estimates of $256.76 million. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts forecast that INC Research Holdings will post $2.62 earnings per share for the current fiscal year.

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In related news, CFO Gregory S. Rush sold 9,703 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $54.48, for a total transaction of $528,619.44. Following the completion of the transaction, the chief financial officer now owns 78,593 shares of the company’s stock, valued at $4,281,746.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alistair Macdonald sold 8,828 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $55.65, for a total transaction of $491,278.20. Following the transaction, the chief executive officer now directly owns 110,629 shares of the company’s stock, valued at approximately $6,156,503.85. The disclosure for this sale can be found here. Insiders have sold 198,321 shares of company stock valued at $11,550,792 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its position in INC Research Holdings by 5.4% during the first quarter. Fifth Third Bancorp now owns 2,904 shares of the company’s stock worth $133,000 after purchasing an additional 149 shares during the last quarter. Teacher Retirement System of Texas increased its position in INC Research Holdings by 4.0% during the first quarter. Teacher Retirement System of Texas now owns 4,426 shares of the company’s stock worth $203,000 after purchasing an additional 170 shares during the last quarter. Strs Ohio increased its position in INC Research Holdings by 0.8% during the second quarter. Strs Ohio now owns 25,200 shares of the company’s stock worth $1,474,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in INC Research Holdings by 14.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after purchasing an additional 228 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in INC Research Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock worth $139,000 after purchasing an additional 356 shares during the last quarter. 54.56% of the stock is owned by hedge funds and other institutional investors.

INC Research Holdings Company Profile

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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