INC Research (NASDAQ:INCR) had its target price lowered by analysts at SunTrust Banks to $50.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price target would suggest a potential upside of 30.55% from the stock’s previous close.

A number of other equities analysts have also weighed in on INCR. Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of INC Research in a research note on Monday, August 7th. Mizuho set a $41.00 price target on shares of INC Research and gave the stock a “neutral” rating in a research report on Friday. Zacks Investment Research cut shares of INC Research from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Credit Suisse Group started coverage on shares of INC Research in a research report on Wednesday, October 11th. They set an “outperform” rating and a $68.00 price target on the stock. Finally, Jefferies Group raised shares of INC Research from a “hold” rating to a “buy” rating and boosted their price target for the stock from $62.50 to $69.00 in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. INC Research has an average rating of “Hold” and a consensus target price of $52.67.

Shares of INC Research (NASDAQ:INCR) traded up $1.50 during midday trading on Friday, reaching $38.30. 1,600,400 shares of the company were exchanged, compared to its average volume of 920,200. The firm has a market cap of $3,840.00 and a price-to-earnings ratio of 16.47. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27. INC Research has a 12-month low of $33.60 and a 12-month high of $61.10.

INC Research (NASDAQ:INCR) last announced its earnings results on Thursday, November 9th. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.09). The company had revenue of $592.21 million during the quarter, compared to analyst estimates of $604.95 million. INC Research had a positive return on equity of 14.42% and a negative net margin of 4.29%. INC Research’s revenue for the quarter was up 128.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. analysts expect that INC Research will post 2.15 earnings per share for the current fiscal year.

In other INC Research news, CFO Gregory S. Rush sold 9,703 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $54.48, for a total value of $528,619.44. Following the completion of the sale, the chief financial officer now directly owns 78,593 shares in the company, valued at $4,281,746.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alistair Macdonald sold 2,348 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.60, for a total transaction of $128,200.80. Following the completion of the sale, the chief executive officer now owns 99,453 shares of the company’s stock, valued at $5,430,133.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,733 shares of company stock worth $912,270. 0.24% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Strs Ohio grew its holdings in shares of INC Research by 0.8% during the second quarter. Strs Ohio now owns 25,200 shares of the company’s stock valued at $1,474,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of INC Research by 14.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock valued at $103,000 after buying an additional 228 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of INC Research by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock valued at $139,000 after buying an additional 356 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of INC Research by 4.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 20,946 shares of the company’s stock valued at $1,095,000 after buying an additional 986 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of INC Research by 3.1% during the third quarter. Comerica Bank now owns 43,790 shares of the company’s stock valued at $2,483,000 after buying an additional 1,331 shares during the last quarter. Institutional investors and hedge funds own 99.57% of the company’s stock.

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INC Research 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 (NASDAQ:INCR)

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