A share price of Icon Plc [ICLR] is currently trading at $313.10, down -5.63%. 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 ICLR shares have lost -4.48% over the last week, with a monthly amount drifted -0.75%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Icon Plc [NASDAQ: ICLR] stock has seen the most recent analyst activity on June 06, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $370. Previously, Truist started tracking the stock with Buy rating on December 15, 2023, and set its price target to $357. On September 13, 2023, TD Cowen initiated with a Outperform rating and assigned a price target of $306 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $260 on January 17, 2023. Barclays upgraded its rating to a Overweight. BofA Securities upgraded its rating to Buy for this stock on November 09, 2022, and downed its price target to $260. In a note dated September 07, 2022, UBS initiated an Buy rating and provided a target price of $270 on this stock.
Icon Plc experienced fluctuations in its stock price throughout the past year between $221.20 and $347.72. Currently, Wall Street analysts expect the stock to reach $307.63 within the next 12 months. Icon Plc [NASDAQ: ICLR] shares were valued at $313.10 at the most recent close of the market. An investor can expect a potential drop of -1.75% based on the average ICLR price forecast.
Analyzing the ICLR fundamentals
Trailing Twelve Months sales for Icon Plc [NASDAQ:ICLR] were 8.33B which represents 4.95% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 292.12 points at the first support level, and at 271.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 330.40, and for the 2nd resistance point, it is at 347.69.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Icon Plc [NASDAQ:ICLR] is 1.31. Further, the Quick Ratio stands at 1.31, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 3.11, the price to book ratio is 2.71 and price to earnings (TTM) ratio is 36.45.
