Quest Diagnostics, Inc (NYSE: DGX) is 13.19% higher on its value in year-to-date trading and has touched a low of $123.04 and a high of $165.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DGX stock was last observed hovering at around $155.69 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $156.07, the stock is -2.70% and -0.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.24% at the moment leaves the stock 7.65% off its SMA200. DGX registered 11.95% gain for a year compared to 6-month gain of 12.66%. The firm has a 50-day simple moving average (SMA 50) of $156.2262 and a 200-day simple moving average (SMA200) of $144.8334.
The stock witnessed a -3.48% loss in the last 1 month and extending the period to 3 months gives it a 1.09%, and is -1.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.06% over the week and 1.78% over the month.
Quest Diagnostics, Inc (DGX) has around 48000 employees, a market worth around $17.42B and $9.54B in sales. Current P/E ratio is 20.95 and Fwd P/E is 16.05. Profit margin for the company is 8.78%. Distance from 52-week low is 26.84% and -5.60% from its 52-week high. The company has generated returns on investments over the last 12 months (6.45%).
The EPS is expected to grow by 2.17% this year
1225.0 institutions hold shares in Quest Diagnostics, Inc (DGX), with institutional investors hold 91.92% of the company’s shares. The shares outstanding are 112.00M, and float is at 111.06M with Short Float at 1.84%. Institutions hold 91.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.95 million shares valued at $1.91 billion. The investor’s holdings represent 12.5692 of the DGX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.06 million shares valued at $1.38 billion to account for 9.0625 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.19 million shares representing 4.6781 and valued at over $710.77 million, while VICTORY CAPITAL MANAGEMENT INC holds 3.4988 of the shares totaling 3.88 million with a market value of $531.6 million.
Quest Diagnostics, Inc (DGX) Insider Activity
The most recent transaction is an insider sale by PREVOZNIK MICHAEL E, the company’s SVP & General Counsel. SEC filings show that PREVOZNIK MICHAEL E sold 35,146 shares of the company’s common stock on Nov 29 ’24 at a price of $163.07 per share for a total of $5.73 million. Following the sale, the insider now owns 38478.0 shares.
Quest Diagnostics, Inc disclosed in a document filed with the SEC on Nov 27 ’24 that Doherty Catherine T. (EVP, Regional Businesses) sold a total of 33,103 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $162.99 per share for $5.4 million. Following the transaction, the insider now directly holds 68412.0 shares of the DGX stock.
Still, SEC filings show that on Nov 29 ’24, PREVOZNIK MICHAEL E (Officer) Proposed Sale 35,146 shares at an average price of $163.07 for $5.73 million. The insider now directly holds shares of Quest Diagnostics, Inc (DGX).
