Economy

Momentum Watch: Quest Diagnostics Inc (DGX) Spotted Above Chikou

During the same quarter in the previous year, the firm earned $1.34 earnings per share. Accern also assigned press coverage about the medical research company an impact score of 46.4573447651734 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Nationwide Fund Advisors lifted its stake in Quest Diagnostics by 26.2% in the first quarter. Ariel Investments Llc sold 56,460 shares as Quest Diagnostics Inc. Financial Architects Inc now owns 1,666 shares of the medical research company's stock valued at $185,000 after acquiring an additional 88 shares during the period. Wagner Bowman Management Corp bought a new position in Quest Diagnostics in the 2nd quarter worth $200,000. However, the institutional investors are observed to own 91.70% of the total shares.

ILLEGAL ACTIVITY WARNING: This news story was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark legislation. The correct version of this news story can be read at https://www.truebluetribune.com/2017/09/26/aberdeen-asset-management-plc-uk-has-22-76-million-position-in-quest-diagnostics-incorporated-dgx.html. Also, Director Daniel Stanzione sold 3,803 shares of the company's stock in a transaction on Tuesday, September 5th.

We can also take a look at the relative price change value for the stock. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. As per Thursday, July 27, the company rating was maintained by Deutsche Bank. The stock was sold at an average price of $106.66, for a total value of $31,571.36.

In other news, Director Jeffrey M. Leiden sold 296 shares of the company's stock in a transaction that occurred on Friday, August 4th. Chicago Equity Partners LLC now owns 2,700 shares of the medical research company's stock valued at $265,000 after purchasing an additional 230 shares during the last quarter.

Several brokerages recently commented on DGX. Bank of America Corporation upgraded Quest Diagnostics from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $111.00 to $118.00 in a report on Tuesday, July 25th. Standpoint Research downgraded the shares of GOGO in report on Friday, August 4 to "Hold" rating. Canaccord Genuity maintained the stock with "Buy" rating in Friday, November 13 report. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $104.50 target price on shares of Quest Diagnostics in a research note on Wednesday, June 28th. BidaskClub cut Quest Diagnostics from a "buy" rating to a "hold" rating in a report on Monday, July 24th.

Among 11 analysts covering Mondi PLC (LON:MNDI), 7 have Buy rating, 0 Sell and 4 Hold. Jefferies has "Buy" rating and GBX 1900 target.

On Monday, Shares of Quest Diagnostics Incorporated (NYSE:DGX) expressed a change of -8.82% and is now trading at $93.10. The company has market cap of $13.93 billion. The firm has a 50 day moving average price of $106.58 and a 200 day moving average price of $105.42.

The price/earnings ratio (P/E) for Quest Diagnostics Incorporated is 20.41 and the forward P/E ratio stands at 17.14.

Analysts await Quest Diagnostics Inc (NYSE:DGX) to report earnings on October, 19. The medical research company reported $1.55 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.42 by $0.13. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. As a result, Quest Diagnostics Incorporated attained a Profit Margin of 9.20% *. Accordingly, the company shows a -7.10% EPS growth for the subsequent year and computes the EPS growth for the past five years at 9.70% *. The business's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that Quest Diagnostics Incorporated will post $5.69 earnings per share for the current year.

Volatility on a weekly basis sums at 1.93% * together with the monthly volatility of 1.21% *. The ex-dividend date of this dividend is Monday, October 2nd.

The consensus recommendation - averaging the work of 20 analysts - of 2.7 for Quest Diagnostics Incorporated (DGX) points to moderate case. The prevailing figure will allow the investment community to determine the size of Quest Diagnostics Incorporated in contrast to the sales or total assets figures.



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