PRA Health Sciences Inc (NASDAQ:PRAH) has received a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $100.82.
Several equities analysts recently commented on the company. Mizuho cut their target price on PRA Health Sciences from $95.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, April 3rd. Zacks Investment Research raised PRA Health Sciences from a “sell” rating to a “hold” rating and set a $99.00 price objective for the company in a report on Tuesday, May 19th. Robert W. Baird lowered their target price on shares of PRA Health Sciences from $106.00 to $101.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. BidaskClub cut shares of PRA Health Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Citigroup reduced their price target on shares of PRA Health Sciences from $120.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th.
In other news, CFO Michael J. Bonello sold 3,672 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $87.97, for a total transaction of $323,025.84. Following the sale, the chief financial officer now directly owns 23,328 shares of the company’s stock, valued at $2,052,164.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
PRA Health Sciences stock traded up $0.08 on Friday, hitting $94.18. The company’s stock had a trading volume of 752,112 shares, compared to its average volume of 408,702. The company has a fifty day moving average price of $97.78 and a 200-day moving average price of $97.16. The firm has a market cap of $6.00 billion, a P/E ratio of 25.73 and a beta of 1.09. PRA Health Sciences has a one year low of $58.67 and a one year high of $113.32. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.30.
PRA Health Sciences (NASDAQ:PRAH) last posted its earnings results on Thursday, April 30th. The medical research company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. The business had revenue of $783.71 million for the quarter, compared to analysts’ expectations of $749.61 million. PRA Health Sciences had a net margin of 7.66% and a return on equity of 27.59%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Analysts anticipate that PRA Health Sciences will post 3.65 EPS for the current year.
About PRA Health Sciences
PRA Health Sciences, Inc, a contract research organization, provides outsourced clinical development and data solution services to the biotechnology and pharmaceutical industries worldwide. The company operates in two segments, Clinical Research and Data Solutions. The Clinical Research segment offers product registration services, including clinical trial management, project management, regulatory affairs, therapeutic expertise, clinical operations, data and programming, safety and risk management, biostatistics and medical writing, quality assurance, and late phase services.
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