Medpace - MEDP Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Medpace in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MEDP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEDP, but not buy additional shares or sell existing shares.
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1 analysts have issued 12 month target prices for Medpace's stock. Their MEDP stock forecasts range from $175.00 to $175.00. On average, they expect the company's share price to reach $175.00 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
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Medpace's stock was trading at $217.64 at the beginning of the year. Since then, MEDP shares have decreased by 22.1% and is now trading at $169.60.
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Medpace is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
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Medpace Holdings, Inc. (NASDAQ:MEDP) issued its quarterly earnings data on Monday, July, 25th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.13. The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $344.01 million. Medpace had a net margin of 16.27% and a trailing twelve-month return on equity of 30.56%. The business's quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS.

Medpace issued an update on its FY 2022 earnings guidance on Monday, August, 1st. The company provided EPS guidance of $6.07-$6.36 for the period, compared to the consensus EPS estimate of $5.82. The company issued revenue guidance of $1.41 billion-$1.44 billion, compared to the consensus revenue estimate of $1.40 billion.

268 employees have rated Medpace Chief Executive Officer August Troendle on Glassdoor.com. August Troendle has an approval rating of 34% among the company's employees. This puts August Troendle in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Medpace investors own include NVIDIA (NVDA), Exact Sciences (EXAS), Block (SQ), Baidu (BIDU), JD.com (JD), Advanced Micro Devices (AMD), Bilibili (BILI), Alibaba Group (BABA), Cisco Systems (CSCO) and Intuitive Surgical (ISRG).

(MEDP) raised $150 million in an IPO on Thursday, August 11th 2016. The company issued 7,000,000 shares at $20.00-$23.00 per share. Jefferies, Credit Suisse, UBS Investment Bank and Wells Fargo Securities served as the underwriters for the IPO and Baird and William Blair were co-managers.

Medpace trades on the NASDAQ under the ticker symbol "MEDP."

Medpace's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (2.05%), Riverbridge Partners LLC (1.43%), TD Asset Management Inc. (0.86%), Loomis Sayles & Co. L P (0.78%), Redwood Investments LLC (0.33%) and Congress Asset Management Co. MA (0.34%). Insiders that own company stock include Ashley M Keating, August J Troendle, August J Troendle, Jesse J Geiger, Kevin M Brady, Medpace Investors, Llc, Peter J O'malley, Stephen P Ewald, Stephen P Ewald, Susan E Burwig, Tom C King and Wedbush Securities Inc.
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Shares of MEDP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MEDP stock can currently be purchased for approximately $169.60.

Medpace (NASDAQ:MEDP) has a market capitalization of $5.26 billion and generates $1.14 billion in revenue each year. The company earns $181.85 million in net income (profit) each year or $5.76 on an earnings per share basis.

Medpace employs 4,500 workers across the globe.

Medpace's mailing address is 5375 MEDPACE WAY, CINCINNATI OH, 45227. The official website for the company is www.medpace.com. The company can be reached via phone at (513) 579-9911, via email at investor@medpace.com, or via fax at 513-579-0444.