Quintiles Transitional Holdings Inc. (Q) Rating Reiterated by SunTrust Banks, Inc.

Quintiles Transitional Holdings Inc. (NYSE:Q)‘s stock had its “hold” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday. They currently have a $114.00 price target on the medical research company’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 5.54% from the stock’s current price. SunTrust Banks also issued estimates for Quintiles Transitional Holdings’ FY2017 earnings at $4.60 EPS, FY2018 earnings at $5.48 EPS and FY2019 earnings at $6.48 EPS.

Several other research analysts also recently issued reports on Q. Robert W. Baird upgraded Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $76.00 to $93.00 in a research report on Friday, July 7th. Barclays PLC reaffirmed an “overweight” rating and issued a $98.00 target price (up from $90.00) on shares of Quintiles Transitional Holdings in a research note on Monday, July 17th. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Thursday, July 27th. William Blair raised shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.10 to $93.42 in a research note on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $94.00 target price on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has a consensus rating of “Buy” and a consensus target price of $102.33.

Shares of Quintiles Transitional Holdings (NYSE:Q) opened at $108.02 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.23 and a current ratio of 1.22. The stock has a market cap of $22.67 billion, a PE ratio of 24.50, a P/E/G ratio of 1.78 and a beta of 0.65.

Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings results on Thursday, October 26th. The medical research company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. Quintiles Transitional Holdings had a net margin of 0.58% and a return on equity of 12.60%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 77.6% on a year-over-year basis. research analysts expect that Quintiles Transitional Holdings will post 4.62 EPS for the current year.

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In related news, insider Kevin C. Knightly sold 19,339 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the completion of the sale, the insider now owns 40,650 shares of the company’s stock, valued at approximately $4,045,081.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ari Bousbib sold 92,160 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the sale, the insider now directly owns 1,082,919 shares of the company’s stock, valued at approximately $97,841,731.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,254,462 shares of company stock worth $1,367,822,566. Company insiders own 6.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Fiduciary Trust Co. bought a new stake in shares of Quintiles Transitional Holdings during the 2nd quarter valued at about $105,000. Korea Investment CORP grew its position in shares of Quintiles Transitional Holdings by 142.5% during the 2nd quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock valued at $123,000 after buying an additional 805 shares during the last quarter. GWM Advisors LLC bought a new stake in shares of Quintiles Transitional Holdings during the 2nd quarter valued at about $122,000. Citigroup Inc. grew its position in shares of Quintiles Transitional Holdings by 15.5% during the 2nd quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock valued at $167,000 after buying an additional 250 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. grew its position in Quintiles Transitional Holdings by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after purchasing an additional 88 shares during the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.

About Quintiles Transitional Holdings

Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.

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