Quest Diagnostics (NYSE:DGX)‘s stock had its “hold” rating reaffirmed by Craig Hallum in a report issued on Friday, The Fly reports. They presently have a $94.00 target price on the medical research company’s stock. Craig Hallum’s price target would indicate a potential upside of 6.13% from the stock’s current price.
Several other brokerages also recently weighed in on DGX. ValuEngine downgraded Quest Diagnostics from a “hold” rating to a “sell” rating in a research report on Friday. Canaccord Genuity reaffirmed a “buy” rating and issued a $98.00 target price on shares of Quest Diagnostics in a research report on Friday. Credit Suisse Group decreased their target price on Quest Diagnostics from $121.00 to $103.00 and set an “outperform” rating for the company in a research report on Friday. Goldman Sachs Group downgraded Quest Diagnostics from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $90.00 in a research report on Friday. Finally, Citigroup decreased their target price on Quest Diagnostics from $112.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $105.67.
DGX stock opened at $88.57 on Friday. Quest Diagnostics has a 12-month low of $85.56 and a 12-month high of $116.49. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.60 and a beta of 0.90.
Large investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Quest Diagnostics by 8,866.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,076 shares of the medical research company’s stock worth $118,000 after acquiring an additional 1,064 shares in the last quarter. Fort L.P. acquired a new position in shares of Quest Diagnostics in the second quarter worth about $121,000. Capital Advisors Ltd. LLC acquired a new position in shares of Quest Diagnostics in the third quarter worth about $123,000. Flagship Harbor Advisors LLC acquired a new position in shares of Quest Diagnostics in the second quarter worth about $126,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of Quest Diagnostics in the third quarter worth about $125,000. Institutional investors and hedge funds own 86.00% of the company’s stock.
Quest Diagnostics Company Profile
Quest Diagnostics Incorporated provides diagnostic testing information and services in the United States and internationally. The company's Diagnostic Information Services business segment develops and delivers diagnostic testing information and services, such as routine testing, non-routine and advanced clinical testing, gene-based and esoteric testing, anatomic pathology, and other diagnostic information services.
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