A share price of IQVIA Holdings Inc [IQV] is currently trading at $238.02, down -0.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IQV shares have lost -0.21% over the last week, with a monthly amount drifted -8.14%, and not seem to be holding up well over a long-time horizon.
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On 8, April 2024, IQVIA and Salesforce Expand Global Partnership to Accelerate the Development of Life Sciences Cloud. In a post published today on Yahoo Finance, IQVIA (NYSE:IQV), a leading global provider of data, analytics, technology and services to the life sciences industry, and Salesforce (NYSE:CRM), the #1 AI CRM, today announced an expanded global strategic partnership to accelerate the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform for the global life sciences industry.
From an analyst’s perspective:
IQVIA Holdings Inc [NYSE: IQV] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $290. Previously, Guggenheim downgraded its rating to Neutral on February 15, 2024. On February 13, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $285 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $202 on November 02, 2023. HSBC Securities initiated its recommendation with a Buy and recommended $260 as its price target on September 06, 2023. Truist started tracking with a Buy rating for this stock on March 17, 2023, and assigned it a price target of $265. In a note dated December 06, 2022, Cowen initiated an Outperform rating and provided a target price of $251 on this stock.
IQVIA Holdings Inc experienced fluctuations in its stock price throughout the past year between $167.42 and $261.73. Currently, Wall Street analysts expect the stock to reach $277.18 within the next 12 months. IQVIA Holdings Inc [NYSE: IQV] shares were valued at $238.02 at the most recent close of the market. An investor can expect a potential return of 16.45% based on the average IQV price forecast.
Analyzing the IQV fundamentals
Trailing Twelve Months sales for IQVIA Holdings Inc [NYSE:IQV] were 14.96B which represents 3.20% growth. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.23 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.25.
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 235.91 points at the first support level, and at 233.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 241.09, and for the 2nd resistance point, it is at 244.16.
IQVIA Holdings Inc [IQV] reported earnings per share of $2.84 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 $2.82/share, meaning a difference of $0.02 and a surprise factor of 0.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.49 per share as compared to estimates of $2.44 per share, a difference of $0.05 representing a surprise of 2.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for IQVIA Holdings Inc [NYSE:IQV] is 0.86. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 2.90, the price to book ratio is 7.07 and price to earnings (TTM) ratio is 32.60.
Transactions by insiders
Recent insider trading involved BOUSBIB ARI,, that happened on Mar 01 ’24 when 31678.0 shares were sold., STAUB W RICHARD completed a deal on Feb 29 ’24 to sell 14100.0 shares. Meanwhile, Knightly Kevin C sold 8607.0 shares on Feb 28 ’24.
