Blazing Stock Climbs To New Heights: Quest Diagnostics Incorporated (NYSE:DGX)

Shares of Quest Diagnostics Incorporated (NYSE:DGX) are on a recovery track as they have regained 35.99% since bottoming out at $73.21 on April. 14, 2016. The institutional investor owned 2,977 shares of the company's stock after selling 200 shares during the period. New York-based Neuberger Berman Grp Limited Liability Com has invested 0% in Quest Diagnostics Inc (NYSE:DGX).

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Quest Diagnostics by 7.4% in the fourth quarter. The company noted that excess tax benefit associated with stock-based compensation increased its earnings per share by $0.11 in the quarter.

The stock increased 1.03% or $1 during the last trading session, hitting $102.00. Weybosset Research & Management LLC raised its position in Quest Diagnostics by 1.5% in the first quarter. The Blackrock Advisors Llc holds 4.41 million shares with $405.16M value, up from 3.70 million last quarter. Baird Financial Group Inc. now owns 3,271 shares of the company's stock worth $267,000 after buying an additional 40 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Quest Diagnostics by 1.2% in the second quarter. About 25,620 shares traded.

For fiscal year 2017, Quest Diagnostics Inc forecasts revenue to be in the range of $7,640 million to $7,720 million.

Quest Diagnostics Incorporated (NYSE:DGX) stands 3.89% away from its 50-day simple moving average and also 14.20% away from the 200-day average. The company has market cap of $13.39 billion. Quest Diagnostics has a 12 month low of $72.95 and a 12 month high of $100.00. Quest Diagnostics Inc (NYSE:DGX) has risen 18.04% since September 12, 2016 and is uptrending. Covering sell-side analysts are estimating company growth for next year to be 5.93%. The company earned $1.86 billion during the quarter, compared to analysts' expectations of $1.86 billion.

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Revenue during the quarter went up marginally by 1.93 percent to $1,899 million from $1,863 million in the previous year period. During the same period in the previous year, the company posted $1.29 EPS. Currently, Quest Diagnostics Incorporated net profit margin for the 12 months is at 9.25%. FBR Capital maintained the shares of DGX in report on Wednesday, April 12 with "Outperform" rating. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.85%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece on another website, it was stolen and republished in violation of United States & global copyright legislation. Ariel Invests Limited Liability Company invested 0.4% of its portfolio in Quest Diagnostics Inc (NYSE:DGX).

A number of research firms have recently weighed in on DGX. Zacks Investment Research upgraded shares of Quest Diagnostics from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Wednesday, March 29th. Mizuho reissued a buy rating and set a $90.00 target price (down from $103.00) on shares of Quest Diagnostics in a research report on Friday, April 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Price targets frequently change, depending on the outlook for a company's earnings.

In other Quest Diagnostics news, SVP Michael E. Prevoznik sold 440 shares of the business's stock in a transaction on Monday, February 27th. The stock was sold at an average price of $98.28, for a total value of $703,881.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Catherine T. Doherty sold 80,000 shares of the stock in a transaction on Monday, January 30th. The shares were sold at an average price of $97.39, for a total transaction of $42,851.60. Following the transaction, the senior vice president now directly owns 87,809 shares of the company's stock, valued at approximately $8,629,868.52. The disclosure for this sale can be found here. Blue Chip Partners Inc. now owns 2,955 shares of the company's stock worth $241,000 after buying an additional 15 shares in the last quarter.

The company has a current ratio of 1.6 gauging towards its ability in paying short-term and long-term obligations. This segment offers diagnostic information services primarily under the Quest Diagnostics brand, as well as under the AmeriPath, Dermpath Diagnostics, Focus Diagnostics, Athena Diagnostics, ExamOne, Quanum, and Care360 brands to patients, clinicians, hospitals, integrated delivery networks, health plans, employers, and accountable care organizations through a network of laboratories, patient service centers, and phlebotomists in physician offices.

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