Analyst Ratings for IDEXX Laboratories Inc. (IDXX)Updated: 2017-07-29
IDEXX Laboratories Inc. (NASDAQ:IDXX) was awarded an average rating of Hold from investment analysts following the stock. A consensus rating of Hold was previously issued for IDXX last month.
11 analysts issued ratings on the stock, where 4 gave IDXX a buy rating, 0 gave an overweight rating, 4 gave a hold rating, 1 issued an underweight rating, and 2 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for IDXX. The maximum price target given was 185, implying a possible profit of 10.43 percent. The most pessimistic price target was 109, implying potential capital losses of -34.93 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 1.8 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 0.06 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.69 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of IDXX's earnings is estimated by analysts to be 14.69 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of IDXX is 4.21.
In the last 52-weeks, IDXX has achieved a high of 173.01 and a low of 93.01. Currently the stock is 80.11 percent higher than its low, and below the high by 3.17 percent. IDXX has a P/E ratio of 61.82. Investors typically compare the P/E ratio to a company's peers in the industry. The IDXX value stock report compares IDXX to some of its peers using value stock charts. The stock has a market capitalization of $14.49 billion. IDXX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.