Iqvia Holdings Inc (NYSE: IQV) has reported E.P.S. of $1.99 for its second fiscal quarter (ending June 30) versus $1.61 for the same period a year ago — an increase of 24%. However, this result fell short of the consensus estimate of $2.57 by $-0.57. E.P.S. were $7.82 for the latest four quarters through June 30 versus $5.91 for the same period a year ago — an increase of 32%.
Recent Price Action
On 7/22/24, Iqvia Holdings Inc (NYSE: IQV) stock enjoyed a very large increase of 9.2%, closing at $245.23. Moreover, unusually high trading volume at 192% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IQV is expected to continue to be a major Value Builder.
Iqvia Holdings has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Iqvia Holdings has a poor Appreciation Score of 15 but a neutral Power Rating of 60, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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