While Icon Plc has overperformed by 4.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ICLR fell by -21.51%, with highs and lows ranging from $347.72 to $183.38, whereas the simple moving average fell by -29.67% in the last 200 days.
On October 24, 2024, Robert W. Baird Downgraded Icon Plc (NASDAQ: ICLR) to Neutral. A report published by Redburn Atlantic on October 14, 2024, Initiated its previous ‘Neutral’ rating for ICLR. Leerink Partners also rated ICLR shares as ‘Outperform’, setting a target price of $379 on the company’s shares in an initiating report dated September 18, 2024. Goldman Initiated an Buy rating on June 06, 2024, and assigned a price target of $370. Truist initiated its ‘Buy’ rating for ICLR, as published in its report on December 15, 2023. TD Cowen’s report from September 13, 2023 suggests a price prediction of $306 for ICLR shares, giving the stock a ‘Outperform’ rating. Barclays also rated the stock as ‘Overweight’.
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Analysis of Icon Plc (ICLR)
Further, the quarter-over-quarter decrease in sales is -1.22%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Icon Plc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.34, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ICLR is recording an average volume of 1.10M. On a monthly basis, the volatility of the stock is set at 4.31%, whereas on a weekly basis, it is put at 4.43%, with a gain of 6.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $279.75, showing growth from the present price of $212.76, which can serve as yet another indication of whether ICLR is worth investing in or should be passed over.
How Do You Analyze Icon Plc Shares?
Icon Plc (ICLR) is based in the Ireland and is one of the most prominent companies operating in the Diagnostics & Research market. When comparing Icon Plc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.69, there is a growth in quarterly earnings of 19.77%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ICLR shares are owned by institutional investors to the tune of 96.55% at present.
