PAREXEL International Reports First Quarter Fiscal Year 2017 Results and Announces New Share Repurchase Program
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PAREXEL (PRXL) PT, Estimates Lowered at Evercore ISI
October 27, 2016 12:24 PM EDTEvercore ISI analyst Ross Muken lowered his price target on PAREXEL International (NASDAQ: PRXL) to $70.00 (from $79.00) but maintained a Buy rating following results.
The firm cut FY 2017 EPS from $4.05 to $3.75, FY 2018 EPS from $4.80 to $4.55 and FY 2019 EPS from $5.70 to $5.50.
Muken commented: ": This was not a pleasant quarter for anyone involved (unless you are short the stock) as most metrics missed and commentary on the remainder of 2017 did not inspire confidence.... More
Jefferies Cuts Price Target on Parexel (PRXL) to $67 Following Weak 1Q
October 27, 2016 9:33 AM EDTJefferies maintained a Hold rating on PAREXEL International (NASDAQ: PRXL), and cut the price target to $67.00 (from $72.50), following the company's 1Q earnings report. EPS fell 10c below consensus and guidance midpoint. PRXL's revenue shortfall accounted for ~4c. Updated guidance reduces revenue by... More
Baird Downgrades PAREXEL International (PRXL) to Neutral
October 27, 2016 6:51 AM EDTBaird downgraded PAREXEL International (NASDAQ: PRXL) from Outperform to Neutral with a price target of $67.00 (from $78.00).
For an analyst ratings summary and ratings history on PAREXEL International click here. For more ratings news on PAREXEL International click here.
Shares of PAREXEL International closed at $64.81 yesterday.
... MoreParexel (PRXL) Misses Q1 EPS by 10c; Guides Below, Announces $200M Stock Buyback Plan
October 26, 2016 4:24 PM EDTParexel (NASDAQ: PRXL) reported Q1 EPS of $0.76, $0.10 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $0 versus the consensus estimate of $524.79 million.
Board approved new $200 million share repurchase program.
GUIDANCE:
Parexel sees... More
