A Reversal for IQVIA Holdings Inc. (IQV) Is Near. The Formed Bullish Descending Triangle Chart Pattern

May 17, 2018 - By Ash Ash

The stock of IQVIA Holdings Inc. (IQV) formed a descending triangle with $106.77 target or 9.00 % above today’s $97.95 share price. The 9 months triangle pattern indicates low risk for the $20.34 billion company. If the $106.77 price target is reached, the company will be worth $1.83B more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 1.19% or $1.18 during the last trading session, reaching $97.95. About 1.19 million shares traded or 5.40% up from the average. IQVIA Holdings Inc. (NYSE:IQV) has risen 27.14% since May 17, 2017 and is uptrending. It has outperformed by 15.59% the S&P500.

Analysts await IQVIA Holdings Inc. (NYSE:IQV) to report earnings on August, 2. They expect $1.14 EPS, up 4.59 % or $0.05 from last year’s $1.09 per share. IQV’s profit will be $236.76M for 21.48 P/E if the $1.14 EPS becomes a reality. After $1.24 actual EPS reported by IQVIA Holdings Inc. for the previous quarter, Wall Street now forecasts -8.06 % negative EPS growth.

More important recent IQVIA Holdings Inc. (NYSE:IQV) news were published by: Businesswire.com which released: “IQVIA Reports First-Quarter 2018 Results and Raises Full-Year 2018 Revenue Guidance” on May 02, 2018, also Streetinsider.com published article titled: “IQVIA Holdings (IQV) call put ratio 1 call to 10.8 puts with focus on May 95 and 97.50 puts into trading halt”, Seekingalpha.com published: “IQVIA Holdings’ (IQV) CEO Ari Bousbib on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. More interesting news about IQVIA Holdings Inc. (NYSE:IQV) was released by: Businesswire.com and their article: “IQVIA to Present at the Bank of America Merrill Lynch Health Care Conference on May 15, 2018” with publication date: May 08, 2018.

IQVIA Holdings Inc. provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and the Asia-Pacific. The company has market cap of $20.34 billion. It operates through three divisions: Commercial Solutions, Research & Development Solutions, and Integrated Engagement Services. It has a 16.66 P/E ratio. The Commercial Solutions segment offers country level performance metrics related to sales of pharmaceutical products, prescribing trends, medical treatment, and promotional activity across various channels, including retail, hospital, and mail order to life science companies, and investment and financial sectors that deal with life science companies; and measurement of sales or prescribing activity at the regional, zip code, and individual prescriber level to pharmaceutical sales organizations.

IQVIA Holdings Inc. (NYSE:IQV) Ratings Chart

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