Analyst Revises ICON plc (NASDAQ:ICLR) Stock Target


ICON plc (NASDAQ:ICLR) mean price target has been set at $76.8300 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.1900 in the near-term quarter and $4.7100 for the ongoing fiscal. The market cap of ICON plc was recorded at $3.88B after the stock closed at $70.3899 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. ICON plc (NASDAQ:ICLR) has a P/E ratio of 16.8035. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. ICON plc (NASDAQ:ICLR) PEG ratio sits at 0.9500. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of ICON plc visibly illustrates that the 50-day MA of ICON plc is $67.1606, and stock is trading 3.2293 or +4.8083% distant from $67.1606. The 200-day MA is $69.9490, and this price is $0.4409 or +0.6303% off from current level. ICON plc (NASDAQ:ICLR) 52-week high is $84.1400 and the 52-week low is $62.3100. This represents that if the stock moves $-13.7501 points up on the chart to make a 52-week high. But, if it declines $+12.9673%, then the shares price can hit a new 52-week low.

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