IQVIA (NYSE:IQV) Price Target Cut to $260.00 by Analysts at BTIG Research

IQVIA (NYSE:IQVFree Report) had its target price lowered by BTIG Research from $290.00 to $260.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the medical research company’s stock.

Other research analysts have also issued reports about the company. Argus upgraded IQVIA to a “strong-buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price objective on IQVIA from $270.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Truist Financial cut their target price on shares of IQVIA from $300.00 to $286.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price target on shares of IQVIA from $280.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of IQVIA in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.81.

View Our Latest Analysis on IQV

IQVIA Trading Up 1.6 %

Shares of NYSE IQV opened at $209.16 on Friday. IQVIA has a 1-year low of $181.03 and a 1-year high of $261.73. The company has a current ratio of 0.81, a quick ratio of 0.85 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of $234.31 and a two-hundred day moving average of $229.76. The company has a market cap of $38.13 billion, a PE ratio of 27.45, a P/E/G ratio of 2.01 and a beta of 1.51.

Insider Transactions at IQVIA

In related news, insider Eric Sherbet sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $246.33, for a total value of $320,229.00. Following the completion of the transaction, the insider now directly owns 19,536 shares in the company, valued at approximately $4,812,302.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IQVIA

A number of large investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in shares of IQVIA by 472.3% during the second quarter. 1832 Asset Management L.P. now owns 456,335 shares of the medical research company’s stock worth $96,487,000 after buying an additional 376,595 shares during the period. Renaissance Technologies LLC acquired a new position in IQVIA during the 2nd quarter worth approximately $70,610,000. Impax Asset Management Group plc grew its stake in shares of IQVIA by 19.3% during the 2nd quarter. Impax Asset Management Group plc now owns 1,635,201 shares of the medical research company’s stock worth $344,998,000 after acquiring an additional 264,555 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of IQVIA by 6.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,403,488 shares of the medical research company’s stock valued at $719,634,000 after purchasing an additional 211,653 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of IQVIA by 285.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 268,552 shares of the medical research company’s stock worth $56,783,000 after purchasing an additional 198,808 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.

IQVIA Company Profile

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IQVIA Holdings Inc engages in the provision of advanced analytics, technology solutions, and clinical research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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Analyst Recommendations for IQVIA (NYSE:IQV)

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