ICON Public Limited Company (NASDAQ:ICLR) has a beta value of 0.84 and has seen 0.39 million shares traded in the last trading session. The company, currently valued at $20.79B, closed the last trade at $262.36 per share which meant it gained $1.09 on the day or 0.42% during that session. The ICLR stock price is 0.32% off its 52-week high price of $261.51 and 35.68% above the 52-week low of $168.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.4 million shares traded. The 3-month trading volume is 944.75K shares.
The consensus among analysts is that ICON Public Limited Company (ICLR) is an Overweight stock at the moment, with a recommendation rating of 2.10. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 6 out of 16 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.38.
ICON Public Limited Company (NASDAQ:ICLR) trade information
Sporting 0.42% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the ICLR stock price touched $262.36 or saw a rise of 0.43%. Year-to-date, ICON Public Limited Company shares have moved 34.56%, while the 5-day performance has seen it change 3.41%. Over the past 30 days, the shares of ICON Public Limited Company (NASDAQ:ICLR) have changed 7.73%. Short interest in the company has seen 6.43 million shares shorted with days to cover at 10.99.
Wall Street analysts have a consensus price target for the stock at $250.17, which means that the shares’ value could drop -4.87% from current levels. The projected low price target is $225.00 while the price target rests at a high of $280.00. In that case, then, we find that the current price level is -6.72% off the targeted high while a plunge would see the stock lose 14.24% from current levels.
ICON Public Limited Company (ICLR) estimates and forecasts
Figures show that ICON Public Limited Company shares have outperformed across the wider relevant industry. The company’s shares have gained 45.58% over the past 6 months, with this year growth rate of 41.65%, compared to 18.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 38.40% and 31.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 88.40%.
9 analysts offering their estimates for the company have set an average revenue estimate of $1.83 billion for the current quarter. 9 have an estimated revenue figure of $1.86 billion for the next quarter concluding in Dec 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.40% over the past 5 years. Earnings growth for 2021 is a modest -9.40% while over the next 5 years, the company’s earnings are expected to increase by 15.24%.
ICON Public Limited Company is expected to release its next earnings report between October 19 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ICON Public Limited Company (NASDAQ:ICLR)’s Major holders
Insiders own 1.19% of the company shares, while shares held by institutions stand at 106.41% with a share float percentage of 107.69%. Investors are also buoyed by the number of investors in a company, with ICON Public Limited Company having a total of 583 institutions that hold shares in the company. The top two institutional holders are Massachusetts Financial Services Co. with over 4.68 million shares worth more than $919.71 million. As of Mar 30, 2021, Massachusetts Financial Services Co. held 8.87% of shares outstanding.
The other major institutional holder is WCM Investment Management, LLC, with the holding of over 4.05 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $795.24 million and represent 7.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Investment Managers Ser Tr-WCM Focused International Growth Fd and Advisers Investment Tr-JOHCM International Select Fd. As of Apr 29, 2021, the former fund manager holds about 3.08% shares in the company for having 1.63 million shares of worth $352.72 million while later fund manager owns 1.29 million shares of worth $252.92 million as of Mar 30, 2021, which makes it owner of about 2.44% of company’s outstanding stock.