PRA Health Sciences Inc (PRAH) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $43. Credit Suisse advised their investors in a research report released on Jun 21, 2016.
Many Wall Street Analysts have commented on PRA Health Sciences Inc. PRA Health Sciences Inc was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 13, 2016. PRA Health Sciences Inc was Upgraded by Citigroup to ” Buy” on May 4, 2016. PRA Health Sciences Inc was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Mar 28, 2016.
On the company’s financial health, PRA Health Sciences Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.53. The company had revenue of $372.30 million for the quarter, compared to analysts expectations of $372.06 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
PRA Health Sciences Inc opened for trading at $42.17 and hit $43.3 on the upside on Monday, eventually ending the session at $42.73, with a gain of 1.98% or 0.83 points. The heightened volatility saw the trading volume jump to 3,00,019 shares. Company has a market cap of $2,588 M.
In a different news, on May 10, 2016, Linda Baddour (Executive VP & CFO) sold 92,308 shares at $46.70 per share price. According to the SEC, on Mar 10, 2016, Colin Shannon (President & CEO) sold 77,019 shares at $42.26 per share price.
PRA Health Sciences Inc. is a contract research organization (CRO). The Company provides outsourced clinical development services to the biotechnology and pharmaceutical industries. It offers therapeutic services in areas of pharmaceutical development including oncology central nervous system inflammation and infectious diseases. The Company performs an array of services across the spectrum of clinical development programs from the filing of investigational new drug (INDs) and similar regulatory applications to conducting all phases of clinical trials. Its service offerings include Product Registration Services which includes Phase IIb through III product registration trials and Phase IV trials inclusive of post-marketing commitments and registries; Strategic Solutions which provides Embedded Solutions and functional outsourcing services and Early Development Services which includes Phase I through Phase IIa clinical trials and bioanalytical laboratory services.