Icon PLC (NASDAQ: ICLR) has reported E.P.S. of $2.27 for its first fiscal quarter (ending March 31) versus $1.43 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $8.30 compared to $6.25 a year ago.
Recent Price Action
Icon PLC (NASDAQ: ICLR) stock closed at $309.44 on 4/24/24 after a modest gain of 1.0%. Moreover, this advance was accompanied by unusually high trading volume at 178% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
ICLR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Icon has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Icon has a slightly positive Appreciation Score of 61 and a good Power Rating of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment