IQVIA Holdings (IQV) is a Top-Ranked Momentum Stock: Should You Buy?

Zacks
02-03

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

IQVIA Holdings (IQV)

Headquartered in Durham, NC., IQVIA Holdings Inc. provides advanced analytics, technology solutions and contract research services to the life sciences industry. The company was formed through the merger of IMS Health (RX) and Quintiles. The company is focused on helping healthcare clients to better serve patients by bringing in updated and innovative ideas in the process of clinical development and commercialization, speed innovation and accelerating improvements. IQVIA Holdings operates in more than 100 countries, with around 87,000 employees.

IQV is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are down 1.5% over the past one week and up 2% over the past four weeks. IQV has lost 4.5% in the last one-year period as well. Looking at trading volume, an average of 1,310,498.75 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for IQV, while the Zacks Consensus Estimate has increased $0 to $11.12 per share. IQV also boasts an average earnings surprise of 1.7%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding IQV to their portfolios.

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IQVIA Holdings Inc. (IQV) : Free Stock Analysis Report

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