ICON Public Limited Company (ICLR) was a big mover last session with its shares rising nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $46.07 to $48.50.
This contract research organization providing outsourced development services to the pharmaceutical, biotechnology and medical device industries has seen no estimate revision in the last 60 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
ICON plc currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Investors interested in the medical services industry may also consider stocks like PAREXEL International Corporation (PRXL), Quintiles Transnational Holdings Inc. (Q) and Omnicare Inc. (OCR). While PAREXEL sports a Zacks Rank #1, Quintiles Transnational and Omnicare bear the same Zacks Rank as ICON plc.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
ICON PLC ORD (ICLR): Free Stock Analysis Report
PAREXEL INTL CP (PRXL): Free Stock Analysis Report
QUINTILES TRANSNATIONAL HOLDINGS (Q): Free Stock Analysis Report
OMNICARE INC (OCR): Free Stock Analysis Report
Zacks Investment Research