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 most optimistic analyst gave a price target of 61, implying potential capital gains of 17.35 percent. The most pessimistic analyst gave a price target of 36, which equates to a potential downside of -30.74 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.86 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.72 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

The growth rate of ABAX's earnings is estimated by analysts to be -11.36 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, 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 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 below the high. ABAX has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.