With 2.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.09 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $221.77 whereas the lowest price it dropped to was $213.09. The 52-week range on IQV shows that it touched its highest point at $261.73 and its lowest point at $190.20 during that stretch. It currently has a 1-year price target of $250.95. Beta for the stock currently stands at 1.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IQV was up-trending over the past week, with a rise of 2.41%, but this was down by -2.41% over a month. Three-month performance dropped to -6.28% while six-month performance fell -2.91%. The stock gained 11.52% in the past year, while it has lost -4.38% so far this year. A look at the trailing 12-month EPS for IQV yields 7.62 with Next year EPS estimates of 12.11. For the next quarter, that number is 3.12. This implies an EPS growth rate of 9.08% for this year and 8.81% for next year. EPS is expected to grow by 10.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 42.42%.
Float and Shares Shorts:
At present, 181.50 million IQV shares are outstanding with a float of 180.00 million shares on hand for trading. On 2024-10-15, short shares totaled 2.91 million, which was 160.0 higher than short shares on 1726185600. In addition to Mr. Ari Bousbib as the firm’s CEO & Chairman, Mr. Ronald E. Bruehlman serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.95061994 of IQV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, IQV reported revenue of $3896000000.0 and operating income of $578000000.0. The EBITDA in the recently reported quarter was $825000000.0 and diluted EPS was $1.55.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IQV since 12 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IQV analysts setting a high price target of 290.0 and a low target of 195.0, the average target price over the next 12 months is 253.56. Based on these targets, IQV could surge 31.07% to reach the target high and fall by -11.86% to reach the target low. Reaching the average price target will result in a growth of 14.6% from current levels.
Analysts have provided yearly estimates in a range of $11.22921 being high and $11.05982 being low. For IQV, this leads to a yearly average estimate of $11.12957. The surprise factor in the prior quarter was $2.56. Based on analyst estimates, the high estimate for the next quarter is $2.81 and the low estimate is $2.43. The average estimate for the next quarter is thus $2.68.
