A number of other equities research analysts have also recently commented on INCR. KeyCorp restated a buy rating and issued a $50.00 price target on shares of INC Research in a report on Thursday. Zacks Investment Research cut shares of INC Research from a buy rating to a hold rating in a report on Wednesday, October 4th. BidaskClub upgraded shares of INC Research from a hold rating to a buy rating in a report on Wednesday. Mizuho began coverage on shares of INC Research in a report on Thursday, September 21st. They issued a neutral rating and a $57.00 price target for the company. Finally, Jefferies Group upgraded shares of INC Research from a hold rating to a buy rating and raised their price target for the stock from $62.50 to $69.00 in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. INC Research presently has an average rating of Buy and a consensus price target of $50.78.
INC Research (NASDAQ INCR) traded down $0.80 on Thursday, hitting $40.50. 1,480,000 shares of the stock traded hands, compared to its average volume of 1,327,349. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $4,225.97, a PE ratio of -69.83, a PEG ratio of 1.25 and a beta of 1.09. INC Research has a 52 week low of $33.60 and a 52 week high of $61.10.
Several institutional investors have recently added to or reduced their stakes in INCR. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of INC Research by 14.8% in 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 in the last quarter. Pacad Investment Ltd. bought a new position in shares of INC Research in the second quarter valued at $123,000. Riverhead Capital Management LLC bought a new position in shares of INC Research in the second quarter valued at $128,000. Victory Capital Management Inc. lifted its stake in shares of INC Research by 17.6% in 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 in the last quarter. Finally, Personal Capital Advisors Corp bought a new position in shares of INC Research in the third quarter valued at $234,000. 99.50% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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