Robert W. Baird Believes Icon plc (NASDAQ: ICLR) Won’t Stop Here

By Jason Carr

Robert W. Baird analyst Eric Coldwell reiterated a Buy rating on Icon plc (NASDAQ: ICLR) on October 9 and set a price target of $123. The company’s shares opened today at $116.12, close to its 52-week high of $117.53.

According to TipRanks.com, Coldwell is a 4-star analyst with an average return of 7.0% and a 52.4% success rate. Coldwell covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Walgreens Boots Alliance, and Quintiles Transnational.

Currently, the analyst consensus on Icon plc is Moderate Buy and the average price target is $116.71, representing a 0.5% upside.

In a report issued on October 9, Jefferies also reiterated a Buy rating on the stock with a $132 price target.

Icon plc’s market cap is currently $6.26B and has a P/E ratio of 23.13. The company has a book value ratio of 6.0818.

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ICON plc is a contract research organization, which engages in the provision of outsourced development services to the pharmaceutical, biotechnology, and medical device industries. The firm operates through the following geographical segments: Ireland, Rest of Europe, United States, and Rest of World.