Today’s Market Runner: Medpace Holdings Inc Sets 52-Week High; Strong Momentum for Holders

Today's Market Runner: Medpace Holdings Inc Sets 52 Week High; Strong Momentum for Holders

The stock of Medpace Holdings Inc (NASDAQ:MEDP) hit a new 52-week high and has $48.47 target or 33.00% above today’s $36.44 share price. The 8 months bullish chart indicates low risk for the $1.51B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $48.47 price target is reached, the company will be worth $498.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 223,483 shares traded hands or 32.30% up from the average. Medpace Holdings Inc (NASDAQ:MEDP) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

Medpace Holdings Inc (NASDAQ:MEDP) Ratings Coverage

Out of 5 analysts covering Medpace Holdings Inc. – Common Stock (NASDAQ:MEDP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Medpace Holdings Inc. – Common Stock has been the topic of 5 analyst reports since September 6, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by UBS given on Tuesday, September 6. Credit Suisse initiated Medpace Holdings Inc (NASDAQ:MEDP) rating on Tuesday, September 6. Credit Suisse has “Outperform” rating and $35 price target. The stock of Medpace Holdings Inc (NASDAQ:MEDP) has “Neutral” rating given on Tuesday, September 6 by Robert W. Baird. The rating was initiated by Jefferies with “Hold” on Tuesday, September 6. Wells Fargo initiated Medpace Holdings Inc (NASDAQ:MEDP) on Tuesday, September 6 with “Outperform” rating.

According to Zacks Investment Research, “Medpace Holdings, Inc. is a scientifically-driven, global, full-service clinical contract research organization which provides Phase I-IV clinical development services to the biotechnology, pharmaceutical and medical device industries. Medpace Holdings, Inc. is headquartered in Cincinnati, Ohio.”

More notable recent Medpace Holdings Inc (NASDAQ:MEDP) news were published by: Businesswire.com which released: “Medpace Holdings, Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Businesswire.com with their article: “Medpace Holdings, Inc. Announces Pricing of Initial Public Offering” published on August 10, 2016, Businesswire.com published: “Medpace Holdings, Inc. to Present at Two Upcoming Investor Conferences” on August 17, 2016. More interesting news about Medpace Holdings Inc (NASDAQ:MEDP) were released by: Moodys.com and their article: “Moody’s upgrades Medpace to B1; outlook stable” published on August 25, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Quiet Period Expiration: Medpace Holdings, Inc.” with publication date: August 30, 2016.

MEDP Company Profile

Medpace Holdings, Inc. is a holding company. The Firm operates as a clinical contract research organization (CRO) focused on providing scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical and medical device industries. The Firm is focused on conducting clinical trials across therapeutic areas, with focus in cardiology, metabolic disease, oncology, endocrinology, central nervous system (CNS), and Anti-Viral and Anti-Infective (AVAI). The Firm provides a suite of services supporting the entire clinical development process from Phase I to Phase IV. It offers these services across a range of therapeutic areas. The Company’s suite of clinical development services includes Medical Affairs, Clinical Trial Management, Study Feasibility, Study Start-Up, Clinical Monitoring, Global Regulatory Affairs, Medical Writing, Biometrics, Pharmacovigilance, Core Laboratory, Quality Assurance, Laboratories, Clinics and Customers.

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