Jefferies Cuts Price Target on Parexel (PRXL) to $67 Following Weak 1Q

PAREXEL (PRXL) PT, Estimates Lowered at Evercore ISI

October 27, 2016 12:24 PM EDT

Evercore 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

Baird Downgrades PAREXEL International (PRXL) to Neutral

October 27, 2016 6:51 AM EDT

Baird 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.

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Parexel (PRXL) Misses Q1 EPS by 10c; Guides Below, Announces $200M Stock Buyback Plan

October 26, 2016 4:24 PM EDT

Parexel (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

Trading Radar for 10/26: Comcast (CMCSA), Tesla (TSLA), Western Digital (WDC), F5 Networks (FFIV) Report

October 25, 2016 3:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

International Trade in Goods - no Street consensus

Earnings:

A.O. Smith (NYSE: AOS) - consensus EPS $0.45
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.36
AVX Corp. (NYSE: AVX) - consensus EPS $0.17
AllianceBernstein (NYSE: AB) - consensus EPS $0.43
Ally Financial (NYSE: ALLY) -... More