Icon PLC (NASDAQ: ICLR) stock closed at $221.73 on 10/24/24 after a major decline of -21.0%. Moreover, trading volume in this decline was exceptionally high at 834% of normal. The stock has performed in line with the market over the last nine months and has declined -24.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ICLR is expected to continue to be an important Value Builder.
Icon has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Icon has a slightly positive Appreciation Score of 65 and a neutral Power Rating of 48, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment