Analyst Ratings for Abaxis Inc. (ABAX)Updated: 2017-07-27
Abaxis Inc. (NASDAQ:ABAX) was awarded an average rating of Hold from investment analysts following the stock. Last month, ABAX received an average rating of Hold.
A buy rating was issued by 1 analysts, 0 issued an overweight rating, 6 issued a hold rating, 0 gave an underweight rating, and 2 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.
Many analysts weighed in on price targets for ABAX. The most optimistic price target was 61, which equates to a potential upside of 17.35 percent. The most pessimistic analyst gave a price target of 36, implying potential capital losses of -30.74 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes -2.86 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.72 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of ABAX's earnings is estimated by analysts to be -11.36 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. ABAX has a PEG ratio of -3.2.
In the last 52-weeks, ABAX has achieved a high of 55.95 and a low of 44.12. Today's price is 17.82 percent above the 52-week low, and 7.1 percent lower than its 52-week high. ABAX has a P/E ratio of 36.35. Investors typically compare the P/E ratio to a company's peers in the industry. The ABAX value stock report compares ABAX to some of its peers using value stock charts. The market cap of ABAX is $1.16 billion. ABAX's next earnings release will be on 0000-00-00, which is days away.