Goldman Sachs Starts Quintiles (Q) at Neutral

June 18, 2013 8:16 AM EDT Send to a Friend
Get Alerts Q Hot Sheet
Price: $64.77 -1.17%

Rating Summary:
    15 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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Goldman Sachs initiated coverage on Quintiles (NYSE: Q) with a Neutral rating and a price target of $44.00.

Analyst Robert P. Jones said, "We believe Quintiles' global scale and scientific expertise position the company well to take advantage of key Biopharma trends including (1) continued focus on advancing late-stage molecules; (2) deeper strategic outsourcing relationships; and (3) increasingly more complex pipelines. Additionally, we find Quintiles' stable financial profile attractive, especially relative to more volatile peers. That said, we believe valuation is appropriate with shares trading at 19.4X 2014 EPS, against our 2013E-2015E EPS CAGR of 16%."

For an analyst ratings summary and ratings history on Quintiles click here. For more ratings news on Quintiles click here.

Shares of Quintiles closed at $43.53 yesterday.

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