IQVIA Holdings Inc. [NYSE: IQV] stock went on an upward path that rose over 1.58% on Friday, amounting to a one-week price decrease of less than -1.32%. The company report on October 12, 2020 that IQVIA Joins FDA to Advance COVID-19 Understanding at Community Level through COVID Active Research Experience (CARE) Project.
IQVIA™ (NYSE: IQV), in scientific partnership with the U.S. Food and Drug Administration, will provide agile analytics from IQVIA’s CARE Project COVID-19 registry to support better understanding of how people in the community are affected by exposure to the coronavirus. IQVIA’s research will show what symptoms individuals experience, the length and severity and whether any medications or vitamin supplements they are taking affect the severity of their coronavirus symptoms.
The CARE Project is open to U.S. based residents who think they may have been exposed to the coronavirus, regardless of whether they have been diagnosed with COVID-19, including people who have continued with everyday life and may have been exposed. The project was established to advance understanding of COVID-19 as experienced in community settings.
Over the last 12 months, IQV stock rose by 14.80%. The one-year IQVIA Holdings Inc. stock forecast points to a potential upside of 10.84. The average equity rating for IQV stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $30.99 billion, with 190.90 million shares outstanding and 189.16 million shares in the current float. Compared to the average trading volume of 973.27K shares, IQV stock reached a trading volume of 1047145 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on IQVIA Holdings Inc. [IQV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IQV shares is $184.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IQV stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for IQVIA Holdings Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 07, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on March 02, 2020, representing the official price target for IQVIA Holdings Inc. stock. Previously, the target price had yet another raise to $180, while Wells Fargo analysts kept a Overweight rating on IQV stock.
The Average True Range (ATR) for IQVIA Holdings Inc. is set at 4.11, with the Price to Sales ratio for IQV stock in the period of the last 12 months amounting to 2.83. The Price to Book ratio for the last quarter was 5.62, with the Price to Cash per share for the same quarter was set at 6.28. Price to Free Cash Flow for IQV in the course of the last twelve months was 31.65 with Quick ratio for the last quarter at 1.10.
IQV Stock Performance Analysis:
IQVIA Holdings Inc. [IQV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.32. With this latest performance, IQV shares gained by 2.53% in over the last four-week period, additionally plugging by 29.06% over the last 6 months – not to mention a rise of 14.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IQV stock in for the last two-week period is set at 55.34, with the RSI for the last a single of trading hit 55.67, and the three-weeks RSI is set at 54.96 for IQVIA Holdings Inc. [IQV]. The present Moving Average for the last 50 days of trading for this stock 160.15, while it was recorded at 165.90 for the last single week of trading, and 146.15 for the last 200 days.
Insight into IQVIA Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and IQVIA Holdings Inc. [IQV] shares currently have an operating margin of +7.73 and a Gross Margin at +23.36. IQVIA Holdings Inc.’s Net Margin is presently recorded at +1.72.
Return on Total Capital for IQV is now 4.71, given the latest momentum, and Return on Invested Capital for the company is 1.07. Return on Equity for this stock inclined to 3.00, with Return on Assets sitting at 0.83. When it comes to the capital structure of this company, IQVIA Holdings Inc. [IQV] has a Total Debt to Total Equity ratio set at 203.13. Additionally, IQV Total Debt to Total Capital is recorded at 67.01, with Total Debt to Total Assets ending up at 52.45. Long-Term Debt to Equity for the company is recorded at 198.92, with the Long-Term Debt to Total Capital now at 65.62.
Reflecting on the efficiency of the workforce at the company, IQVIA Holdings Inc. [IQV] managed to generate an average of $2,851 per employee. Receivables Turnover for the company is 4.35 with a Total Asset Turnover recorded at a value of 0.48.IQVIA Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
IQV Stock EPS
With the latest financial reports released by the company, IQVIA Holdings Inc. posted 1.6/share EPS, while the average EPS was predicted by analysts to be reported at 1.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IQV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IQVIA Holdings Inc. go to 11.02%.
IQVIA Holdings Inc. [IQV] Insider Position Details
There are presently around $28,040 million, or 90.70% of IQV stock, in the hands of institutional investors. The top three institutional holders of IQV stocks are: VANGUARD GROUP INC with ownership of 20,564,415, which is approximately 4.221% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 13,803,972 shares of the stock with an approximate value of $2.27 billion in IQV stocks shares; and STATE STREET CORP, currently with $1.33 billion in IQV stock with ownership of nearly 2.094% of the company’s market capitalization.
Positions in IQVIA Holdings Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 341 institutional holders increased their position in IQVIA Holdings Inc. [NYSE:IQV] by around 13,633,744 shares. Additionally, 320 investors decreased positions by around 14,401,068 shares, while 77 investors held positions by with 142,356,804 shares. The mentioned changes placed institutional holdings at 170,391,616 shares, according to the latest SEC report filing. IQV stock had 91 new institutional investments in for a total of 3,323,369 shares, while 68 institutional investors sold positions of 2,384,261 shares during the same period.