Quest Diagnostics, Inc. [DGX] stock prices are down -1.10% to $146.84 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DGX shares have gain 2.33% over the last week, with a monthly amount glided 7.17%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Quest Diagnostics, Inc. [NYSE: DGX] stock has seen the most recent analyst activity on July 10, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $165 from $145. Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $135. On February 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $155 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $145 on January 03, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $160 on December 12, 2023. In a note dated May 02, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $166 to $148.
The stock price of Quest Diagnostics, Inc. [DGX] has been fluctuating between $119.59 and $150.59 over the past year. Currently, Wall Street analysts expect the stock to reach $154.44 within the next 12 months. Quest Diagnostics, Inc. [NYSE: DGX] shares were valued at $146.84 at the most recent close of the market. An investor can expect a potential return of 5.18% based on the average DGX price forecast.
Analyzing the DGX fundamentals
The Quest Diagnostics, Inc. [NYSE:DGX] reported sales of 9.29B for trailing twelve months, representing a surge of 1.50%. 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 0.13 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 145.44 points at the first support level, and at 144.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 149.05, and for the 2nd resistance point, it is at 151.25.
Ratios To Look Out For
It’s worth pointing out that Quest Diagnostics, Inc. [NYSE:DGX]’s Current Ratio is 0.97. On the other hand, the Quick Ratio is 0.89, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 2.53 and price to earnings (TTM) ratio is 19.76.
Transactions by insiders
Recent insider trading involved KUPPUSAMY KARTHIK, SVP, Clinical Solutions, that happened on Apr 29 ’24 when 1760.0 shares were sold. SVP & General Counsel, PREVOZNIK MICHAEL E completed a deal on Feb 29 ’24 to sell 5611.0 shares. Meanwhile, EVP, Regional Businesses Doherty Catherine T. sold 1187.0 shares on Feb 29 ’24.
