PAREXEL International Corporation (NASDAQ:PRXL) [Trend Analysis] retains strong position in active trade, as shares scoring 1.83% to $58.56 in a active trade session, while looking at the shares volume, about 1.23 Million shares have changed hands in this session. PAREXEL International Corporation (PRXL) reported that the Firm entered into an accelerated share repurchase contract (ASR) with HSBC Bank USA, National Association, to purchase shares of its ordinary stock for an aggregate purchase price of $200 million.
The Firm is acquiring these shares as part of the stock repurchase plan authorized by the Board that was reported on October 26, 2016. Pursuant to the contract, on November 23, 2016, the Firm will initially receive about 2.8 million shares of ordinary stock, representing 80 percent of the shares to be repurchased by the Firm under the Contract.
The shares will be repurchased at a price of $57.51 per share, which was the closing price of the ordinary stock on November 21, 2016. The total number of shares ultimately repurchased by PAREXEL under the contract will be determined upon final settlement, using prices based generally on the volume-weighted average price of the Firm’s ordinary stock over a period of time not predictable to exceed six months. These shares will be cancelled and restored to the status of authorized and unissued shares. The firm has institutional ownership of 98.50%, while insider ownership included 2.00%. PRXL attains analyst recommendation of 2.50 with week’s performance of 2.59%. Investors looking additional ahead will note that the Price to next year’s EPS is 14.07%.
Dr Pepper Snapple Group, Inc. (NYSE:DPS) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 2.64% to 87.50 with about 2.47 Million shares have changed hands in this session. Dr Pepper Snapple Group, Inc. (DPS) reported an contract to takeover Bai Brands, LLC and its portfolio of premium antioxidant infused beverages. The firm stated the cash purchase price of $1.7 billion comprises a tax benefit of about $400 million on a net present value basis. Dr Pepper Snapple Group expects Bai will generate about $425 million in net sales in 2017 and add an incremental $132 million to current net sales expectation for 2017.
The transaction is predictable to be about $0.03 dilutive to reported EPS in 2017. The transaction is predictable to be accretive to reported EPS in 2018. Bai was founded by beverage industry veteran Ben Weiss in 2009 and has grown rapidly with its products now distributed by Dr Pepper Snapple Group amidothers. Bai will operate within the Packaged Beverages section and continue to be led by founder Ben Weiss. The stock is going forward its fifty-two week low with 7.96% and lagging behind from its 52-week high price with -10.93%.
Same, the positive performance for the quarter recorded as -5.79% and for the year was 0.40%, while the YTD performance remained at -4.48%. DPS has Average True Range for 14 days of 1.53.