Bull’s Eye Report: Parexel (PRXL)

by Dave Moenning | September 19, 2013 12:01 pm

At StateoftheMarkets.com[1], we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
PAREXEL Intl. PRXL Personal Products 9.7 +69.78% $48.19

Why We Like The Stock:

PAREXEL Intl. (PRXL[2]) is our most compelling buy today due to the fact that it is a top-rated stock (in terms of earnings strength and company/industry performance) with a strong technical set-up. Life sciences stocks have been a mixed bag this year. Some larger-cap companies like Pfizer (PFE[3]) and Merck (MRK[4]) have been lagging, while smaller-cap companies like Covance (CVD[5]), WuXi PharmaTech (WX[6]), and PRXL have been superb.

In early August, PRXL hit as high as $51.33 before pulling back and basing just above $46 through late August to early September. Currently, the stock is back on the upswing, crossing above its 50-day moving average last week. PRXL hasn’t pulled back a whole lot this year, so we would jump on the stock while prices are still attractive. We’d be buyers here, and look for a run to new highs north of $52.

We Would Be Buyers:

At the current price (~$49.87).

Company Profile:

PAREXEL International Corporation (PAREXEL) is a biopharmaceutical services company, providing a range of expertise in clinical research, medical communications, consulting, and advanced technology products and services to the worldwide pharmaceutical, biotechnology, and medical device industries. It operates in three segments: Clinical Research Services (CRS), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc. (Perceptive). The company’s product and service offerings include clinical trials management, observational studies and patient/disease registries, data management, biostatistical analysis, epidemiology, health economics / outcomes research, pharmacovigilance, medical communications, clinical pharmacology, patient recruitment, post-marketing surveillance. In May 2013, PAREXEL International Corp acquired the entire share capital of HERON Group Ltd.

Stock Rating: 9.7

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

PAREXEL — Last Three Months

prxl-1[7]PAREXEL — Last 12 Months


PAREXEL — Last Five Years


Looking to trade the Bull’s Eye stock picks? Click here to download our free Special Report, “How We Identify Our “Bull’s Eye” Picks & How You Can Profit Trading Them”[10]

At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

  1. StateoftheMarkets.com: http://www.StateoftheMarkets.com
  2. PRXL: http://studio-5.financialcontent.com/investplace/quote?Symbol=PRXL
  3. PFE: http://studio-5.financialcontent.com/investplace/quote?Symbol=PFE
  4. MRK: http://studio-5.financialcontent.com/investplace/quote?Symbol=MRK
  5. CVD: http://studio-5.financialcontent.com/investplace/quote?Symbol=CVD
  6. WX: http://studio-5.financialcontent.com/investplace/quote?Symbol=WX
  7. [Image]: https://investorplace.com/wp-content/uploads/2013/09/prxl-1.png
  8. [Image]: https://investorplace.com/wp-content/uploads/2013/09/prxl-2.png
  9. [Image]: https://investorplace.com/wp-content/uploads/2013/09/prxl-3.png
  10. Looking to trade the Bull’s Eye stock picks? Click here to download our free Special Report, “How We Identify Our “Bull’s Eye” Picks & How You Can Profit Trading Them”: http://stateofthemarkets.com/wp-content/uploads/2013/08/Top5SpecialReport.pdf

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