IQVIA Holdings Inc. (NYSE:IQV – Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,510,000 shares, a growth of 25.4% from the February 13th total of 2,800,000 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is presently 2.5 days.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on IQV. Barclays cut their price objective on IQVIA from $255.00 to $235.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Leerink Partners reiterated an “outperform” rating and set a $248.00 target price (down from $260.00) on shares of IQVIA in a research report on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $270.00 target price on shares of IQVIA in a research report on Monday, February 10th. BTIG Research lowered IQVIA from a “buy” rating to a “neutral” rating in a report on Monday, February 3rd. Finally, Robert W. Baird reduced their target price on IQVIA from $212.00 to $210.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $249.05.
View Our Latest Stock Report on IQVIA
Institutional Inflows and Outflows
IQVIA Stock Down 0.3 %
IQV stock traded down $0.55 during trading on Monday, reaching $184.64. 1,368,352 shares of the company traded hands, compared to its average volume of 1,220,859. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $32.55 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.50. The business has a 50 day simple moving average of $196.34 and a 200 day simple moving average of $209.96. IQVIA has a 12 month low of $179.28 and a 12 month high of $256.34.
IQVIA (NYSE:IQV – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The medical research company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.11 by ($0.21). IQVIA had a return on equity of 28.81% and a net margin of 8.91%. On average, equities research analysts anticipate that IQVIA will post 10.84 earnings per share for the current fiscal year.
IQVIA Company Profile
IQVIA Holdings Inc engages in the provision of advanced analytics, technology solutions, and clinical research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.
Read More
- Five stocks we like better than IQVIA
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Can TikTok Stock Picks Really Make You Rich?
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- The “Quality” Rotation: Back to Basics Investing
- Election Stocks: How Elections Affect the Stock Market
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for IQVIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQVIA and related companies with MarketBeat.com's FREE daily email newsletter.