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 most optimistic price target was 185, which equates to a potential upside of 10.43 percent. The minimum price target given was 109, implying potential capital losses of -34.93 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.8 percent. That number becomes 0.06 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
IDXX has an estimated earnings growth rate of 14.69 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. IDXX has a PEG ratio of 4.21.
IDXX has a 52-week high of 173.01 and a 52-week low of 93.01. The current market price is above the trailing year's low by 80.11 percent, and 3.17 percent lower than its 52-week high. IDXX has a price/earnings 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.