How to Buy Icon Stock
Icon PLC
ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally.
Icon stock last closed at $309.44, up 0.98% from the previous day, and has increased 49.87% in one year. It has overperformed other stocks in the Diagnostics & Research industry by 0.55 percentage points. Icon stock is currently +70.1% from its 52-week low of $181.92, and -10.25% from its 52-week high of $344.77.
There are currently 82.68M ICLR shares outstanding. The market capitalization of ICLR is $25.59B. In the last 24 hours, 956,119 ICLR shares were traded.
How to Buy Icon Stock
Wondering how to invest in Icon stock? Here's how.
- Choose where to buy Icon stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Icon stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your information.
- Analyze Icon stock: The Icon ticker symbol is ICLR. Is Icon stock a good investment? Should you buy shares of ICLR? How do ICLR's underlying business fundamentals look? Do top analysts think Icon is a good buy? Why has ICLR's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if ICLR is a good stock to buy).
- Execute your ICLR purchase: Decide if you will purchase ICLR shares at the current market price or use a limit order to buy ICLR shares at a given price.
- Get key alerts regarding your investment in ICLR: Create a watchlist to track your new investment in Icon shares.
Step 1: Choose where to buy Icon stock
You will need a brokerage account in order to access the NASDAQ market and buy ICLR shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you are able to invest in ICLR today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on investing apps, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring money into your new investment account.
Step 4: Analyze Icon stock
After you have decided on the best place to buy Icon stock, it's very important to evaluate their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Icon Numbers
Icon Zen Score
WallStreetZen was built to help average investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ICLR's stock page.
Is ICLR stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ICLR's true value.
Using relative valuations measures:
- ICLR could be undervalued based on its P/E ratio of 37.28x, relative to Diagnostics & Research industry P/E ratio of 38.76x
- ICLR could be undervalued based on its P/B ratio of 2.71x, relative to Diagnostics & Research industry P/B ratio of 4.22x
- ICLR could be overvalued based on its PEG ratio of 1.17x
You can do more valuation research on ICLR's stock here.
ICLR Financial Summary
Passed Financial Due Diligence Checks:
- Total ICLR debt is lower than 5 years ago, relative to shareholder equity.
- ICLR profit margin has gone up from 6.5% to 8.3% in the past year.
- There are more short-term assets than short-term liabilities on the ICLR balance sheet.
- ICLR's operating cash flow of $1.31B allows it to safely service it's debt of $3.65B.
Failed Financial Due Diligence Checks:
- ICLR earnings of $1.03B is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the ICLR balance sheet.
- ICLR has a relatively high debt to equity ratio of 0.81.
Is it a good time to buy ICLR stock, according to Wall Street analysts?
Out of 7 sell side analysts who give ratings on ICLR, the consensus analyst rating on Icon is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Latest ICLR Analyst Ratings
Tycho Peterson, a top 17% analyst from JP Morgan maintains ICLR with a strong buy rating and raises their ICLR price target from $295.00 to $330.00, on Dec 20, 2023.
Patrick B Donnelly, a top 12% analyst from Citigroup maintains ICLR with a strong buy rating and raises their ICLR price target from $300.00 to $315.00, on Dec 11, 2023.
Citigroup's Patrick B Donnelly raised their price target on Icon (NASDAQ: ICLR) by 5% from $300 to $315 on 2023/12/11. The analyst maintained their Strong Buy rating on the stock.
In a Healthcare (Diagnostic & Research) sector review note, Donnelly predicted that investor demand for life science equipment will "remain light in FY 2024 after a challenging year with frequent downward profit revisions."
Headwinds across biopharma, particularly in bioprocessing and instrumentation, as well as continued challenges in China, have caused "a reset" in the industry that will last throughout 2024, the analyst detailed.
In the Tools segment, Citigroup predicts a slight decline to FY 2024 projections across the board, Donnelly told investors.
The analyst noted that their firm ranks Bruker, Qiagen, and Fortrea Holding as their top picks in the Tools, Diagnostics, and Labs segments, respectively.
You can dive deeper into what analysts are projecting on the Icon stock forecast page.
ICLR Technical Indicators
Is ICLR Growing Revenue?
Last year, ICLR earnings were $683.12M. In the past 5 year, ICLR's earnings have increased by 6.18% per year. This was slower than the Diagnostics & Research industry average of 12.91%.
Last year, ICLR revenue was $8.23B. Over the past 5 year, ICLR's revenue has grown by 25.44% per year. This was faster than the Diagnostics & Research industry average of 12.4%.
Find out more about ICLR's earnings and revenue performance here.
What are ICLR executives and large shareholders up to?
In the past 12 months, executives and large shareholders at ICLR have not bought or sold any shares.
Learn more about who owns ICLR stock here.
Does ICLR provide a stable income stream?
No, Icon doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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Step 5: Execute your ICLR purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Press the Open button and your broker will place your order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in ICLR
Now that you own some ICLR shares, you'll want to keep up with your new investment.
Start a watchlist to keep tabs on your ICLR stock.
ICLR Feed
How to Buy Stock in Icon
To summarize, here are the 6 steps for buying Icon stock:
- Choose where to buy Icon stock
- Create your brokerage account
- Fund your brokerage account
- Analyze Icon stock
- Execute your ICLR purchase
- Get key alerts regarding your investment in ICLR
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Icon, hit the button below to create your watchlist.
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