INC Research (SYNH) Downgraded to C at TheStreet

INC Research (NASDAQ:SYNH) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued on Monday, December 18th.

A number of other research analysts have also recently issued reports on the stock. Mizuho assumed coverage on shares of INC Research in a report on Thursday, September 21st. They set a “neutral” rating and a $57.00 price objective for the company. Zacks Investment Research upgraded shares of INC Research from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, September 27th. Robert W. Baird reiterated a “buy” rating and set a $67.00 price objective on shares of INC Research in a report on Monday, October 9th. Jefferies Group upgraded shares of INC Research from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.50 to $69.00 in a report on Monday, October 9th. Finally, Credit Suisse Group assumed coverage on shares of INC Research in a report on Wednesday, October 11th. They set an “outperform” rating and a $68.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.78.

Shares of INC Research (SYNH) traded up $0.10 during midday trading on Monday, reaching $42.20. 589,329 shares of the company were exchanged, compared to its average volume of 1,149,980. INC Research has a fifty-two week low of $33.60 and a fifty-two week high of $61.10. The company has a market capitalization of $8,700.00, a P/E ratio of -74.04, a PEG ratio of 1.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.27 and a quick ratio of 1.27.

INC Research (NASDAQ:SYNH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.09). INC Research had a negative net margin of 18.00% and a negative return on equity of 35.13%. The company had revenue of $592.21 million during the quarter, compared to the consensus estimate of $604.95 million. During the same period last year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 128.2% on a year-over-year basis. analysts anticipate that INC Research will post 2.15 earnings per share for the current year.

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INC Research Company Profile

Syneos Health, Inc, formerly INC Research Holdings, Inc, is a global contract research organization (CRO). The Company focuses on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

Analyst Recommendations for INC Research (NASDAQ:SYNH)

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