Could PRA Health Sciences, Inc. (PRAH) Go Down After Touching 52-Week High?

June 16, 2018 - By Stephen Andrade

PRA Health Sciences, Inc. (NASDAQ:PRAH) Logo

The stock of PRA Health Sciences, Inc. (NASDAQ:PRAH) hit a new 52-week high and has $100.80 target or 5.00 % above today’s $96.00 share price. The 9 months bullish chart indicates low risk for the $6.15B company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $100.80 price target is reached, the company will be worth $307.55 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.88% or $0.84 during the last trading session, reaching $96. About 988,592 shares traded or 53.90% up from the average. PRA Health Sciences, Inc. (NASDAQ:PRAH) has risen 12.34% since June 16, 2017 and is uptrending. It has underperformed by 0.23% the S&P500.

Analysts await PRA Health Sciences, Inc. (NASDAQ:PRAH) to report earnings on August, 6. They expect $0.87 earnings per share, up 40.32 % or $0.25 from last year’s $0.62 per share. PRAH’s profit will be $55.74 million for 27.59 P/E if the $0.87 EPS becomes a reality. After $0.78 actual earnings per share reported by PRA Health Sciences, Inc. for the previous quarter, Wall Street now forecasts 11.54 % EPS growth.

PRA Health Sciences, Inc. (NASDAQ:PRAH) Ratings Coverage

Among 6 analysts covering PRA Health Sciences (NASDAQ:PRAH), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. PRA Health Sciences had 7 analyst reports since January 18, 2018 according to SRatingsIntel. The rating was maintained by SunTrust with “Buy” on Monday, February 26. As per Thursday, February 22, the company rating was maintained by Credit Suisse. The company was downgraded on Wednesday, January 24 by Mizuho. Jefferies maintained PRA Health Sciences, Inc. (NASDAQ:PRAH) on Thursday, February 22 with “Buy” rating. The rating was maintained by SunTrust with “Buy” on Monday, January 22. The stock has “Buy” rating by Robert W. Baird on Thursday, January 18. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, January 30.

More important recent PRA Health Sciences, Inc. (NASDAQ:PRAH) news were published by: Globenewswire.com which released: “PRA Named International Clinical Research Company of the Year” on May 24, 2018, also Bizjournals.com published article titled: “Contract research giant plans new Lenexa lab”, Seekingalpha.com published: “PRAH +3% on MidCap 400 move; ABMD to S&P 500” on May 25, 2018. More interesting news about PRA Health Sciences, Inc. (NASDAQ:PRAH) was released by: 247Wallst.com and their article: “4 Pharmaceutical Services Stocks To Buy With Big Upside Potential” with publication date: June 13, 2018.

PRA Health Sciences, Inc., a contract research organization, provides outsourced clinical development services to the biotechnology and pharmaceutical industries worldwide. The company has market cap of $6.15 billion. The firm offers integrated services, such as data management, statistical analysis, clinical trial management, and regulatory and drug development consulting. It has a 72.73 P/E ratio. It also provides product registration services, including clinical trial management, project management, regulatory affairs, therapeutic expertise, clinical operations, data and programming, safety and risk management, biostatistics and medical writing, quality assurance, and late phase services.

PRA Health Sciences, Inc. (NASDAQ:PRAH) Ratings Chart

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