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 price target was 61, which equates to a potential upside of 17.35 percent. The most pessimistic analyst gave a price target of 36, which equates to a potential downside of -30.74 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, 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.
ABAX has an estimated earnings growth rate of -11.36 percent as forecasted by analysts. Another measure frequently examined by investors is 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. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ABAX is -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 will post this quarters earnings in days, on 0000-00-00.