PPD Inc. [NASDAQ: PPD] traded at a high on 04/27/21, posting a 0.14 gain after which it closed the day’ session at $46.28. The company report on April 28, 2021 that PPD Reports First Quarter 2021 Results.
PPD, Inc. (Nasdaq: PPD), a leading global contract research organization, reported its financial results for the first quarter ended March 31, 2021.
The results of the trading session contributed to over 4122723 shares changing hands. Over the past one week, the price volatility of PPD Inc. stands at 0.38% while the volatility over the past one month is 2.24%.
The market cap for PPD stock reached $16.23 billion, with 348.58 million shares outstanding and 158.64 million shares in the current float. Compared to the average trading volume of 2.79M shares, PPD reached a trading volume of 4122723 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $46.67 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 2.90. 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.
Barclays have made an estimate for PPD Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 03, 2021. The new note on the price target was released on October 12, 2020, representing the official price target for PPD Inc. stock. Previously, the target price had yet another raise to $35, while KeyBanc Capital Markets analysts kept a Overweight rating on PPD stock. On March 23, 2020, analysts decreased their price target for PPD shares from 30.50 to 20.
The Average True Range (ATR) for PPD Inc. is set at 0.95, with the Price to Sales ratio for PPD stock in the period of the last 12 months amounting to 3.72. Price to Free Cash Flow for PPD in the course of the last twelve months was 55.04 with Quick ratio for the last quarter at 1.10.
How has PPD stock performed recently?
PPD Inc. [PPD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.01. With this latest performance, PPD shares gained by 22.12% in over the last four-week period, additionally plugging by 30.45% over the last 6 months – not to mention a rise of 109.43% 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 PPD stock in for the last two-week period is set at 80.10, with the RSI for the last a single of trading hit 85.69, and the three-weeks RSI is set at 75.18 for PPD Inc. [PPD]. The present Moving Average for the last 50 days of trading for this stock 38.62, while it was recorded at 46.21 for the last single week of trading, and 35.11 for the last 200 days.
PPD Inc. [PPD]: Deeper insight into the 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 analysis for PPD Inc. [PPD]
With the latest financial reports released by the company, PPD Inc. posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.60%. 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 16.87%.
Insider trade positions for PPD Inc. [PPD]
There are presently around $13,945 million, or 77.30% 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 77,118,535, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; CARLYLE GROUP INC., holding 55,722,733 shares of the stock with an approximate value of $2.58 billion in PPD stocks shares; and H&F CORPORATE INVESTORS VIII, LTD., currently with $2.58 billion in PPD stock with ownership of nearly New of the company’s market capitalization.
Positions in PPD Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 140 institutional holders increased their position in PPD Inc. [NASDAQ:PPD] by around 73,584,820 shares. Additionally, 85 investors decreased positions by around 12,975,811 shares, while 15 investors held positions by with 214,714,836 shares. The mentioned changes placed institutional holdings at 301,275,467 shares, according to the latest SEC report filing. PPD stock had 74 new institutional investments in for a total of 61,808,404 shares, while 33 institutional investors sold positions of 2,478,261 shares during the same period.