PAREXEL International Corporation (PRXL) is Initiated by Credit Suisse to Outperform, Price Target at $75

PAREXEL International Corporation (PRXL) was Initiated by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $75. Credit Suisse advised their investors in a research report released on Jun 21, 2016.

Many Wall Street Analysts have commented on PAREXEL International Corporation. PAREXEL International Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Mar 28, 2016.

On the company’s financial health, PAREXEL International Corporation reported $0.89 EPS for the quarter, based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus estimate of $0.89. The company had revenue of $527.10 million for the quarter, compared to analysts expectations of $523.31 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

PAREXEL International Corporation opened for trading at $57.64 and hit $58.41 on the upside on Monday, eventually ending the session at $58.33, with a gain of 2.14% or 1.22 points. The heightened volatility saw the trading volume jump to 5,64,852 shares. Company has a market cap of $3,085 M.

In a different news, on Jun 14, 2016, A Dana Jr Callow (director) sold 3,000 shares at $60.04 per share price. According to the SEC, on Jun 3, 2016, Eduard E. Holdener (director) sold 700 shares at $62.98 per share price. On May 26, 2016, Ulf I Schneider (SVP & Chief Admin. Officer) sold 7,500 shares at $62.00 per share price, according to the Form-4 filing with the securities and exchange commission.

PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company which provides a range of expertise in clinical research clinical logistics medical communications consulting commercialization and advanced technology products and services to the pharmaceutical biotechnology and medical device industries across the world. The Company operates through three segments: Clinical Research Services PAREXEL Consulting Services and PAREXEL Informatics. Its product and service offerings include clinical trials management data management epidemiology health economics/outcomes research pharmacovigilance medical communications clinical pharmacology patient recruitment clinical supply and drug logistics post-marketing surveillance medical imaging services electronic data capture systems clinical trial management systems Web-based portals and other product development tools and services.

PAREXEL International Corporation

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