Quest Diagnostics Incorporated (NYSE:DGX) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Quest Diagnostics from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Bank of America Corporation upgraded Quest Diagnostics from a “neutral” rating to a “buy” rating and increased their price target for the company from $111.00 to $118.00 in a research report on Tuesday, July 25th. Piper Jaffray Companies increased their price target on Quest Diagnostics to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, July 25th. Barclays PLC reiterated a “hold” rating and issued a $110.00 price target on shares of Quest Diagnostics in a research report on Wednesday, July 19th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $110.00 price target (up previously from $83.00) on shares of Quest Diagnostics in a research report on Thursday, July 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Quest Diagnostics currently has an average rating of “Buy” and a consensus target price of $110.72.

Quest Diagnostics (NYSE DGX) opened at 106.114 on Wednesday. Quest Diagnostics has a 52 week low of $79.12 and a 52 week high of $112.97. The firm has a market cap of $14.47 billion, a P/E ratio of 21.385 and a beta of 0.69. The company has a 50-day moving average of $109.16 and a 200 day moving average of $102.52.

Quest Diagnostics (NYSE:DGX) last released its quarterly earnings results on Tuesday, July 25th. The medical research company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.13. Quest Diagnostics had a return on equity of 15.66% and a net margin of 9.28%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $1.34 EPS. Quest Diagnostics’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts predict that Quest Diagnostics will post $5.69 earnings per share for the current year.

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In other news, Director Jeffrey M. Leiden sold 1,304 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $108.73, for a total transaction of $141,783.92. Following the completion of the sale, the director now directly owns 6,296 shares of the company’s stock, valued at approximately $684,564.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Catherine T. Doherty sold 59,762 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $107.55, for a total value of $6,427,403.10. Following the sale, the senior vice president now directly owns 78,582 shares of the company’s stock, valued at $8,451,494.10. The disclosure for this sale can be found here. Insiders have sold a total of 61,362 shares of company stock valued at $6,600,758 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Quest Diagnostics by 2,638.3% in the first quarter. BlackRock Inc. now owns 15,362,418 shares of the medical research company’s stock worth $1,508,435,000 after buying an additional 14,801,397 shares during the period. State Street Corp increased its stake in Quest Diagnostics by 2.7% in the first quarter. State Street Corp now owns 6,918,900 shares of the medical research company’s stock worth $679,362,000 after buying an additional 180,690 shares during the period. Schroder Investment Management Group increased its stake in Quest Diagnostics by 8.3% in the first quarter. Schroder Investment Management Group now owns 2,188,114 shares of the medical research company’s stock worth $215,245,000 after buying an additional 167,246 shares during the period. Dimensional Fund Advisors LP increased its stake in Quest Diagnostics by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,022,107 shares of the medical research company’s stock worth $198,551,000 after buying an additional 99,153 shares during the period. Finally, Bank of America Corp DE increased its stake in Quest Diagnostics by 0.6% in the first quarter. Bank of America Corp DE now owns 1,887,303 shares of the medical research company’s stock worth $185,315,000 after buying an additional 11,399 shares during the period. 90.97% of the stock is owned by institutional investors.

About Quest Diagnostics

Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).

Analyst Recommendations for Quest Diagnostics (NYSE:DGX)

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