In the latest trading session,, 0.43 million Icon Plc (NASDAQ:ICLR) shares changed hands as the company’s beta touched 1.24. With the company’s most recent per share price at $148.43 changed hands at -$0.88 or -0.59% at last look, the market valuation stands at $11.99B. ICLR’s current price is a discount, trading about -134.27% off its 52-week high of $347.72. The share price had its 52-week low at $133.28, which suggests the last value was 10.21% up since then. When we look at Icon Plc’s average trading volume, we note the 10-day average is 1.99 million shares, with the 3-month average coming to 1.20 million.
Analysts gave the Icon Plc (ICLR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ICLR as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Icon Plc’s EPS for the current quarter is expected to be 3.1.
Icon Plc (NASDAQ:ICLR) trade information
Instantly ICLR was in red as seen in intraday trades today. With action 3.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -29.22%, with the 5-day performance at 3.71% in the green. However, in the 30-day time frame, Icon Plc (NASDAQ:ICLR) is -15.18% down. Looking at the short shares, we see there were 1.91 million shares sold at short interest cover period of 1.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 317.5, meaning bulls need an upside of 53.25% from its recent market value. According to analyst projections, ICLR’s forecast low is 215 with 390 as the target high. To hit the forecast high, the stock’s price needs a -162.75% plunge from its current level, while the stock would need to soar -44.85% for it to hit the projected low.
Icon Plc (ICLR) estimates and forecasts
Year-over-year growth is forecast to reach -0.62% down from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 2.01B. 14 analysts are of the opinion that Icon Plc’s revenue for the current quarter will be 2.04B. The company’s revenue for the corresponding quarters a year ago was 2.09B and 2.12B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.02%. The estimates for the next quarter sales put growth at -3.73%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.54%. The 2025 estimates are for Icon Plc earnings to decrease by -2.82%, but the outlook for the next 5-year period is at 6.50% per year.
ICLR Dividends
Icon Plc is expected to release its next quarterly earnings report on 2025-Feb-18.
Icon Plc (NASDAQ:ICLR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.61% of Icon Plc shares while 97.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.69%. There are 97.10% institutions holding the Icon Plc stock share, with WCM INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 8.0657% of the shares, roughly 6.67 million ICLR shares worth $2.09 billion.
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds the second largest percentage of outstanding shares, with 6.0473% or 5.0 million shares worth $1.57 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were INVESTMENT MANAGERS SERIES TRUST-WCM Focused International Growth Fund and Victory Portfolios-Victory Sycamore Established Value Fund . With 2.46 shares estimated at $363.93 million under it, the former controlled 3.04% of total outstanding shares. On the other hand, Victory Portfolios-Victory Sycamore Established Value Fund held about 0.97% of the shares, roughly 780.0 shares worth around $115.59 million.
