Is ICON PLC Stock a Good Investment?
ICON PLC Investment Advice | ICLR |
- Examine ICON PLC's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ICON PLC's leadership team and their track record. Good management can help ICON PLC navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Life Sciences Tools & Services space and any emerging trends that could impact ICON PLC's business and its evolving consumer preferences.
- Compare ICON PLC's performance and market position to its competitors. Analyze how ICON PLC is positioned in terms of product offerings, innovation, and market share.
- Check if ICON PLC pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ICON PLC's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ICON PLC stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ICON PLC is a good investment.
Sell | Buy |
Buy
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine ICON PLC Stock
Researching ICON PLC's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The book value of ICON PLC was currently reported as 112.02. The company has Price/Earnings To Growth (PEG) ratio of 1.17. ICON PLC recorded earning per share (EPS) of 7.41. The entity had not issued any dividends in recent years. The firm had 2:1 split on the 13th of August 2008.
To determine if ICON PLC is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ICON PLC's research are outlined below:
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Looking At Icons Recent Unusual Options Activity |
ICON PLC Quarterly Accounts Payable |
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ICON PLC uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in ICON PLC. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ICON PLC's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact ICON PLC's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises ICON PLC's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2011-10-27 | 2011-09-30 | 0.01 | 0.02 | 0.01 | 100 | ||
2003-09-30 | 2003-06-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2002-07-30 | 2002-06-30 | 0.07 | 0.08 | 0.01 | 14 | ||
1999-07-28 | 1999-06-30 | 0.03 | 0.04 | 0.01 | 33 | ||
1999-03-30 | 1998-12-31 | 0.04 | 0.05 | 0.01 | 25 | ||
2012-02-16 | 2011-12-31 | 0.09 | 0.07 | -0.02 | 22 | ||
2007-02-13 | 2006-12-31 | 0.18 | 0.2 | 0.02 | 11 | ||
2006-07-26 | 2006-06-30 | 0.14 | 0.16 | 0.02 | 14 |
Know ICON PLC's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ICON PLC is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ICON PLC backward and forwards among themselves. ICON PLC's institutional investor refers to the entity that pools money to purchase ICON PLC's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Comgest Global Investors Sas | 2023-12-31 | 1.5 M | Alliancebernstein L.p. | 2023-12-31 | 1.5 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 1.5 M | Citadel Advisors Llc | 2023-09-30 | 1.5 M | Goldman Sachs Group Inc | 2023-12-31 | 1.5 M | American Century Companies Inc | 2023-12-31 | 1.4 M | Clearbridge Advisors, Llc | 2023-12-31 | 1.3 M | Sustainable Growth Advisers, Lp | 2023-12-31 | 1.3 M | Polen Capital | 2023-12-31 | 1.2 M | Wcm Investment Management | 2023-12-31 | 6.9 M | Massachusetts Financial Services Company | 2023-12-31 | 5.5 M |
ICON PLC's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 23.78 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ICON PLC's market, we take the total number of its shares issued and multiply it by ICON PLC's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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ICON PLC's profitablity analysis
ICON PLC's profitability indicators refer to fundamental financial ratios that showcase ICON PLC's ability to generate income relative to its revenue or operating costs. If, let's say, ICON PLC is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, ICON PLC's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of ICON PLC's profitability requires more research than a typical breakdown of ICON PLC's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.15 | 0.1 | |
| Return On Capital Employed | 0.07 | 0.07 | |
| Return On Assets | 0.04 | 0.03 | |
| Return On Equity | 0.07 | 0.11 |
Determining ICON PLC's profitability involves analyzing its financial statements and using various financial metrics to determine if ICON PLC is a good buy. For example, gross profit margin measures ICON PLC's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ICON PLC's profitability and make more informed investment decisions.
The data published in ICON PLC's official financial statements usually reflect ICON PLC's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of ICON PLC. For example, before you start analyzing numbers published by ICON accountants, it's critical to develop an understanding of what ICON PLC's liquidity, profitability, and earnings quality are in the context of the Life Sciences Tools & Services space in which it operates.
Please note, the presentation of ICON PLC's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ICON PLC's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in ICON PLC's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ICON PLC. Please utilize our Beneish M Score to check the likelihood of ICON PLC's management manipulating its earnings.
Evaluate ICON PLC's management efficiency
ICON PLC has return on total asset (ROA) of 0.0383 % which means that it generated a profit of $0.0383 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.069 %, meaning that it created $0.069 on every $100 dollars invested by stockholders. ICON PLC's management efficiency ratios could be used to measure how well ICON PLC manages its routine affairs as well as how well it operates its assets and liabilities. As of 04/23/2024, Return On Equity is likely to grow to 0.11, while Return On Tangible Assets are likely to drop 0.1. At this time, ICON PLC's Debt To Assets are relatively stable compared to the past year. As of 04/23/2024, Fixed Asset Turnover is likely to grow to 17.00, though Net Tangible Assets are likely to grow to (4.1 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 112.55 | 118.18 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | (44.30) | (42.09) | |
| Enterprise Value Over EBITDA | 15.89 | 8.73 | |
| Price Book Value Ratio | 2.52 | 2.03 | |
| Enterprise Value Multiple | 15.89 | 8.73 | |
| Price Fair Value | 2.52 | 2.03 | |
| Enterprise Value | 24.1 B | 25.3 B |
The analysis of ICON PLC's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze ICON PLC's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of ICON Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.157 |
Basic technical analysis of ICON Stock
As of the 23rd of April, ICON PLC retains the semi deviation of 1.11, and Market Risk Adjusted Performance of 0.1554. ICON PLC technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for ICON PLC, which can be compared to its competitors. Please check out ICON PLC standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if ICON PLC is priced fairly, providing market reflects its last-minute price of 297.93 per share. Given that ICON PLC has jensen alpha of 0.1142, we strongly advise you to confirm ICON PLC's regular market performance to make sure the company can sustain itself in the future.Understand ICON PLC's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing ICON PLC's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0848 | |||
| Market Risk Adjusted Performance | 0.1554 | |||
| Mean Deviation | 1.27 | |||
| Semi Deviation | 1.11 | |||
| Downside Deviation | 1.31 | |||
| Coefficient Of Variation | 785.35 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.76 | |||
| Information Ratio | 0.0833 | |||
| Jensen Alpha | 0.1142 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.123 | |||
| Treynor Ratio | 0.1454 | |||
| Maximum Drawdown | 12.8 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.18 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (1.54) | |||
| Skewness | 2.38 | |||
| Kurtosis | 10.19 |
| Risk Adjusted Performance | 0.0848 | |||
| Market Risk Adjusted Performance | 0.1554 | |||
| Mean Deviation | 1.27 | |||
| Semi Deviation | 1.11 | |||
| Downside Deviation | 1.31 | |||
| Coefficient Of Variation | 785.35 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.76 | |||
| Information Ratio | 0.0833 | |||
| Jensen Alpha | 0.1142 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.123 | |||
| Treynor Ratio | 0.1454 | |||
| Maximum Drawdown | 12.8 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.18 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (1.54) | |||
| Skewness | 2.38 | |||
| Kurtosis | 10.19 |
Consider ICON PLC's intraday indicators
ICON PLC intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ICON PLC stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 29687.31 | |||
| Daily Balance Of Power | 0.8494 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 293.94 | |||
| Day Typical Price | 295.27 | |||
| Price Action Indicator | 8.84 | |||
| Period Momentum Indicator | 9.7 |
ICON PLC Corporate Filings
6K | 3rd of April 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 23rd of February 2024 Other Reports | ViewVerify | |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
ICON Stock media impact
Far too much social signal, news, headlines, and media speculation about ICON PLC that are available to investors today. That information is available publicly through ICON media outlets and privately through word of mouth or via ICON internal channels. However, regardless of the origin, that massive amount of ICON data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of ICON PLC news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ICON PLC relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ICON PLC's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ICON PLC alpha.
ICON PLC Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards ICON PLC can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ICON PLC Historical Investor Sentiment
Investor biases related to ICON PLC's public news can be used to forecast risks associated with an investment in ICON. The trend in average sentiment can be used to explain how an investor holding ICON can time the market purely based on public headlines and social activities around ICON PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ICON PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ICON PLC and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average ICON PLC news discussions. The higher the estimate score, the more favorable the investor's outlook on ICON PLC.
ICON PLC Maximum Pain Price across 2024-05-17 Option Contracts
ICON PLC's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of ICON PLC close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of ICON PLC's options.
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ICON PLC Corporate Directors
ICON PLC corporate directors refer to members of an ICON PLC board of directors. The board of directors generally takes responsibility for the ICON PLC's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ICON PLC's board members must vote for the resolution. The ICON PLC board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ronan Lambe | Non-Executive Director | Profile | |
| William Hall | Non-Executive Director | Profile | |
| Julie ONeill | Non-Executive Director | Profile | |
| Hugh Brady | Non-Executive Director | Profile |
How to buy ICON Stock?
To provide specific investment advice or recommendations on ICON PLC stock, we recommend investors consider the following general factors when evaluating ICON PLC. This will help you to make an informed decision on whether to include ICON PLC in one of your diversified portfolios:- Examine ICON PLC's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ICON PLC's leadership team and their track record. Good management can help ICON PLC navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Life Sciences Tools & Services space and any emerging trends that could impact ICON PLC's business and its evolving consumer preferences.
- Compare ICON PLC's performance and market position to its competitors. Analyze how ICON PLC is positioned in terms of product offerings, innovation, and market share.
- Check if ICON PLC pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ICON PLC's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ICON PLC stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ICON PLC is a good investment.
Already Invested in ICON PLC?
The danger of trading ICON PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ICON PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ICON PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ICON PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ICON PLC is a strong investment it is important to analyze ICON PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICON PLC's future performance. For an informed investment choice regarding ICON Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for ICON Stock analysis
When running ICON PLC's price analysis, check to measure ICON PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
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Is ICON PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICON PLC. If investors know ICON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICON PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.816 | Earnings Share 7.41 | Revenue Per Share 98.904 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0383 |
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between ICON PLC's value and its price, as these two are different measures arrived at by various means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.