A share price of Icon Plc [ICLR] is currently trading at $296.29, up 1.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The ICLR shares have gain 1.06% over the last week, with a monthly amount glided 2.24%, and 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 September 18, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $379. Previously, Goldman started tracking the stock with Buy rating on June 06, 2024, and set its price target to $370. On December 15, 2023, Truist initiated with a Buy rating and assigned a price target of $357 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $306 on September 13, 2023. Barclays upgraded its rating to a Overweight and raised its price target to $260 on January 17, 2023. Barclays upgraded its rating to Overweight for this stock on January 13, 2023. In a note dated November 09, 2022, BofA Securities upgraded an Buy rating on this stock and revised its target price from $265 to $260.
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 $311.56 within the next 12 months. Icon Plc [NASDAQ: ICLR] shares were valued at $296.29 at the most recent close of the market. An investor can expect a potential return of 5.15% 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 288.58 points at the first support level, and at 280.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 303.84, and for the 2nd resistance point, it is at 311.40.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Icon Plc [NASDAQ:ICLR] is 1.31. On the other hand, the Quick Ratio is 1.31, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 34.49.
Transactions by insiders
Recent insider trading involved UTE BERGER, Officer, that happened on Aug 26 ’24 when 11827.0 shares were purchased. Officer, DIARMAID CUNNINGHAM completed a deal on Jul 30 ’24 to buy 5969.0 shares. Meanwhile, Officer BRENDAN BRENNAN bought 26064.0 shares on Jul 29 ’24.
