Thursday, December 3, 2020

Truist lifts PPD Inc. [PPD] price estimate. Who else is bullish?

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PPD Inc. [NASDAQ: PPD] closed the trading session at $33.16 on 10/28/20. The day’s price range saw the stock hit a low of $32.15, while the highest price level was $35.56. The company report on October 28, 2020 that PPD Inc to Host Earnings Call.

PPD Inc (PPD) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 28, 2020 at 9:00 AM Eastern Time.


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To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/69077.

The stocks have a year to date performance of 10.53 percent and weekly performance of -8.27 percent. The stock has been moved at 38.74 percent over the last six months. The stock has performed -5.66 percent around the most recent 30 days and changed 13.52 percent over the most recent 3-months.

If compared to the average trading volume of 1.44M shares, PPD reached to a volume of 1643660 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about PPD Inc. [PPD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPD shares is $38.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPD stock is a recommendation set at 1.70. 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.

Truist have made an estimate for PPD Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 12, 2020. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on June 04, 2020, representing the official price target for PPD Inc. stock. Previously, the target price had yet another drop from $30.50 to $20, while Jefferies kept a Buy rating on PPD stock.

The Average True Range (ATR) for PPD Inc. is set at 1.34, with the Price to Sales ratio for PPD stock in the period of the last 12 months amounting to 2.83. Price to Free Cash Flow for PPD in the course of the last twelve months was 39.31 with Quick ratio for the last quarter at 1.10.

PPD stock trade performance evaluation

PPD Inc. [PPD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.27. With this latest performance, PPD shares dropped by -5.66% in over the last four-week period, additionally plugging by 38.74% over the last 6 months .

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 PPD stock in for the last two-week period is set at 32.13, with the RSI for the last a single of trading hit 20.98, and the three-weeks RSI is set at 41.28 for PPD Inc. [PPD]. The present Moving Average for the last 50 days of trading for this stock 34.58, while it was recorded at 34.58 for the last single week of trading.

PPD Inc. [PPD]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and PPD Inc. [PPD] shares currently have an operating margin of +12.75 and a Gross Margin at +43.67. PPD Inc.’s Net Margin is presently recorded at +8.68.

Return on Total Capital for PPD is now 9.72, given the latest momentum, and Return on Invested Capital for the company is 9.72. Return on Equity for this stock inclined to 9.72, with Return on Assets sitting at 6.35. When it comes to the capital structure of this company, PPD Inc. [PPD] has a Total Debt to Total Equity ratio set at 0.00. Additionally, PPD Total Debt to Total Capital is recorded at 0.00, with Total Debt to Total Assets ending up at 0.00. Long-Term Debt to Equity for the company is recorded at 0.00, with the Long-Term Debt to Total Capital now at 0.00.

Reflecting on the efficiency of the workforce at the company, PPD Inc. [PPD] managed to generate an average of $11,609 per employee. Receivables Turnover for the company is 3.29 with a Total Asset Turnover recorded at a value of 0.73.PPD Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for PPD Inc. [PPD] stock

With the latest financial reports released by the company, PPD Inc. posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.90%. 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 PPD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PPD Inc. go to 12.90%.

PPD Inc. [PPD]: Insider Ownership positions

There are presently around $7,517 million, or 54.10% of PPD stock, in the hands of institutional investors. The top three institutional holders of PPD stocks are: H&F CORPORATE INVESTORS VII, LTD. with ownership of 91,971,651, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; CARLYLE GROUP INC., holding 66,454,994 shares of the stock with an approximate value of $2.2 billion in PPD stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $359.48 million in PPD stock with ownership of nearly -0.379% of the company’s market capitalization.

Positions in PPD Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 102 institutional holders increased their position in PPD Inc. [NASDAQ:PPD] by around 13,286,887 shares. Additionally, 56 investors decreased positions by around 15,833,929 shares, while 5 investors held positions by with 197,581,200 shares. The mentioned changes placed institutional holdings at 226,702,016 shares, according to the latest SEC report filing. PPD stock had 54 new institutional investments in for a total of 4,742,180 shares, while 26 institutional investors sold positions of 5,729,199 shares during the same period.

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