Quest Diagnostics, Inc. [DGX] stock is trading at $134.77, up 1.25%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DGX shares have gain 4.23% over the last week, with a monthly amount glided 7.91%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, My Quest Story – Pauline Chaves. In a post published today on Yahoo Finance, Quest Diagnostics
From an analyst’s perspective:
Quest Diagnostics, Inc. [NYSE: DGX] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Market Perform rating and assigned the stock a price target of $135. Previously, Jefferies upgraded its rating to Buy on February 07, 2024, and elevated its price target to $155. On January 03, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $145 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $160 on December 12, 2023. Piper Sandler initiated its recommendation with a Neutral. BofA Securities downgraded its rating to Neutral for this stock on May 02, 2023, and downed its price target to $148. In a note dated April 03, 2023, Citigroup upgraded an Neutral rating on this stock and boosted its target price from $125 to $142.
Quest Diagnostics, Inc. [DGX] stock has fluctuated between $119.59 and $148.62 over the past year. Currently, Wall Street analysts expect the stock to reach $155.43 within the next 12 months. Quest Diagnostics, Inc. [NYSE: DGX] shares were valued at $134.77 at the most recent close of the market. An investor can expect a potential return of 15.33% based on the average DGX price forecast.
Analyzing the DGX fundamentals
Quest Diagnostics, Inc. [NYSE:DGX] reported sales of 9.25B for the trailing twelve months, which represents a drop of -1.93%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.14 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 132.05 points at the first support level, and at 129.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 136.47, and for the 2nd resistance point, it is at 138.16.
Quest Diagnostics, Inc. [DGX] reported earnings per share of $2.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.11/share, meaning a difference of $0.04 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.22 per share as compared to estimates of $2.19 per share, a difference of $0.03 representing a surprise of 1.40%.
Ratios To Look Out For
For context, Quest Diagnostics, Inc.’s Current Ratio is 1.31. Further, the Quick Ratio stands at 1.20, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 2.37 and price to earnings (TTM) ratio is 18.00.
Transactions by insiders
Recent insider trading involved PREVOZNIK MICHAEL E, SVP & General Counsel, that happened on Feb 29 ’24 when 5611.0 shares were sold. EVP, Regional Businesses, Doherty Catherine T. completed a deal on Feb 29 ’24 to sell 1187.0 shares. Meanwhile, EVP, Regional Businesses Doherty Catherine T. sold 5557.0 shares on Feb 28 ’24.
