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.
A number of analysts gave price targets for ABAX. The most optimistic price target was 61, which equates to a potential upside of 17.35 percent. The minimum price target given was 36, implying a possible loss 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.86 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -7.72 percent.
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, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ABAX to grow at a rate of -11.36 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 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.
ABAX has a 52-week high of 55.95 and a 52-week low of 44.12. Currently the stock is 17.82 percent higher than its 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 stock has a market capitalization of $1.16 billion. ABAX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.