PPD (NASDAQ:SDGR) Sets New 52-Week High at $98.30

PPD (NASDAQ:SDGR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $98.30 and last traded at $97.71, with a volume of 21795 shares. The stock had previously closed at $92.82.

SDGR has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on PPD from $43.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Zacks Investment Research lowered PPD from a “buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets lifted their target price on PPD from $67.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd.

The business has a fifty day moving average price of $72.73.

PPD (NASDAQ:SDGR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.13). The business had revenue of $26.17 million during the quarter, compared to analysts’ expectations of $21.90 million. Sell-side analysts forecast that PPD will post -0.75 earnings per share for the current fiscal year.

PPD Company Profile (NASDAQ:SDGR)

Schrödinger, Inc provides computational platform to accelerate drug discovery and materials design for biopharmaceutical and industrial companies, academic institutions, and government laboratories worldwide. The company operates through two segments, Software and Drug Discovery. It segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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