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Medpace Holdings (MEDP-Q)
NASDAQ:MEDP
345.93
1.50
(0.43%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 3 opinions in the last 12 months.
Experts are generally positive about MEDP, highlighting its strong growth potential, solid balance sheet, and track record of share repurchases. Despite recent pressure on the share price, the company's fundamentals remain strong, with revenue growth expected to continue in the low teens range over the next two years. However, the key consideration is the company's valuation, which has been a point of concern for some experts.
$334.570
Unknown
MEDP’s share price has been under pressure since the company reported its earnings and is now trading at 29.5x Forward P/E. In the last few years, MEDP managed to grow its topline by double-digits organically, which is a very solid growth rate. The balance sheet is strong, with no long-term debt. The company has a track record of repurchasing shares aggressively. Based on consensus estimates, sales are expected to grow by 12%-15% over the next few years. That being said, MEDP is still not trading at attractive levels yet, we think it can get interesting if it gets to around $340.
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MEDP is a clinical research company that helps smaller biotechs perform research and navigate/move along the pathway to commercialization. They tend to focus on smaller companies, so they tend to feel the booms and busts a bit more than peers but we view it as a solid company that has navigated the last few years well. Fundamentals are quite strong as well and the growth on the top-line is solid in the 15% range over the next two years expected. We think the big question comes down to valuation at 30X forward earnings. We would be comfortable buying it based on the outlook for its earnings and interest rates.
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Medpace Holdings(MEDP-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Medpace Holdings(MEDP-Q) Frequently Asked Questions
What is Medpace Holdings stock symbol?
Medpace Holdings is a American stock, trading under the symbol MEDP-Q on the NASDAQ (MEDP). It is usually referred to as NASDAQ:MEDP or MEDP-Q
Is Medpace Holdings a buy or a sell?
In the last year, 3 stock analysts published opinions about MEDP-Q. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Medpace Holdings.
Is Medpace Holdings a good investment or a top pick?
Medpace Holdings was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Medpace Holdings.
Why is Medpace Holdings stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Medpace Holdings worth watching?
3 stock analysts on Stockchase covered Medpace Holdings In the last year. It is a trending stock that is worth watching.
What is Medpace Holdings stock price?
On 2024-12-13, Medpace Holdings (MEDP-Q) stock closed at a price of $345.93.
MEDP's shares have beeen under pressure in recent months following quarterly earnings where FY2024 revenue guidance was cut. It was not a huge cut as revenue for the full year is now expected to be $2.125B-$2.175B from prior guidance of $2.15B-$2.20B. The big reaction was due to the company's expensive valuation. The stock was trading above 35x forward earnings prior to these earnings and it has now come down to 26x. While growth has showed some signs of slowing, low teens revenue growth is still expected over the next two years and EPS is expected to meaningfully expand. We think it look attractive at these levels for interested investors.
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