Quintiles Transnational was Downgraded to a Hold Rating at KeyBanc

By Carrie Williams

In a report released today, Kenneth Zener from KeyBanc downgraded Quintiles Transnational (NYSE: Q) to Hold. The company’s shares opened today at $101.98.

According to TipRanks.com, Zener is a 4-star analyst with an average return of 7.2% and a 56.5% success rate. Zener covers the Consumer Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Calatlantic Group, and Whirlpool Corp.

Currently, the analyst consensus on Quintiles Transnational is Moderate Buy and the average price target is $109.67, representing a 7.5% upside.

In a report issued on November 1, SunTrust Robinson also reiterated a Hold rating on the stock with a $114 price target.

The company has a one-year high of $110.67 and a one-year low of $71.90. Currently, Quintiles Transnational has an average volume of 2.15M.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Quintiles IMS Holdings, Inc. is a biotechnology company, which engages in healthcare development in the provision of professional services, information technology, and partnering solutions to the pharmaceutical services and healthcare industries. The company was founded by Dennis Gillings and Gary Koch in 1982 and is headquartered in Durham, NC.