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.
ABAX was given price targets by several analysts. The maximum price target given was 61, which equates to a potential upside of 17.35 percent. The most pessimistic price target was 36, implying potential capital losses of -30.74 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes -2.86 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -7.72 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
ABAX has an estimated earnings growth rate of -11.36 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ABAX is -3.2.
In the trailing 52-weeks, ABAX hit 55.95 at the highest peak, while it's lowest trading point was 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.