Jefferies Boosts Numbers on ICON (ICLR) After Results
Tweet Send to a FriendGet Alerts ICLR Hot Sheet
Price: $34.13 +2.31%
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Rating Summary:
6 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 12
Trade ICLR Now!
Jefferies boosted its price target on ICON plc (NASDAQ: ICLR) from $18.50 to $24 following solid results. The firm maintained their Hold rating.
"ICLR's strong bookings are creating a backlog trajectory that begins to look more like that of faster growing peers and supports long-term, double-digit revenue growth. Margin also recovered impressively in the quarter. However, management did not raise 2012 revenue and gave several reasons for that. We are lowering our 2012 EPS on the higher tax rate."
FY12 EPS goes from $0.98 to $0.95 and FY13 goes from $1.35 to $1.44.
For an analyst ratings summary and ratings history on ICON plc click here. For more ratings news on ICON plc click here.
Shares of ICON plc closed at $22.40 yesterday, with a 52 week range of $15.03-$26.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"ICLR's strong bookings are creating a backlog trajectory that begins to look more like that of faster growing peers and supports long-term, double-digit revenue growth. Margin also recovered impressively in the quarter. However, management did not raise 2012 revenue and gave several reasons for that. We are lowering our 2012 EPS on the higher tax rate."
FY12 EPS goes from $0.98 to $0.95 and FY13 goes from $1.35 to $1.44.
For an analyst ratings summary and ratings history on ICON plc click here. For more ratings news on ICON plc click here.
Shares of ICON plc closed at $22.40 yesterday, with a 52 week range of $15.03-$26.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Jefferies Raises Numbers on hhgregg (HGG), But Remains on Sidelines
- UPDATE: Cantor Fitzgerald Upgrades Cubist Pharmaceuticals (CBST) to Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
