PAREXEL International Co. (PRXL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of PAREXEL International Co. (NASDAQ:PRXL) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $76.81.
A number of analysts have recently issued reports on PRXL shares. Zacks Investment Research raised PAREXEL International from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, August 8th. BidaskClub cut PAREXEL International from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th.
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A number of large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its holdings in PAREXEL International by 0.3% during the 2nd quarter. World Asset Management Inc now owns 3,212 shares of the medical research company’s stock worth $279,000 after purchasing an additional 9 shares during the last quarter. 1st Global Advisors Inc. lifted its holdings in PAREXEL International by 0.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 5,391 shares of the medical research company’s stock worth $469,000 after purchasing an additional 21 shares during the last quarter. Amalgamated Bank lifted its holdings in PAREXEL International by 0.6% during the 2nd quarter. Amalgamated Bank now owns 7,259 shares of the medical research company’s stock worth $631,000 after purchasing an additional 42 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in PAREXEL International by 4.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,713 shares of the medical research company’s stock worth $108,000 after purchasing an additional 73 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in PAREXEL International by 0.5% during the 2nd quarter. Texas Permanent School Fund now owns 37,062 shares of the medical research company’s stock worth $3,221,000 after purchasing an additional 169 shares during the last quarter. 87.45% of the stock is owned by institutional investors and hedge funds.
PAREXEL International (NASDAQ:PRXL) last posted its quarterly earnings results on Monday, August 28th. The medical research company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.08. The firm had revenue of $557.20 million during the quarter, compared to the consensus estimate of $537.59 million. PAREXEL International had a return on equity of 19.95% and a net margin of 4.62%. During the same period last year, the company earned $0.94 earnings per share.
PAREXEL International Company Profile
PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company. The Company provides a range of expertise in clinical research, clinical logistics, medical communications, consulting, commercialization, and technology products and services to pharmaceutical, biotechnology and medical device industries.
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