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.

Investment analysts gave a few price targets for IDXX. The most optimistic price target was 185, implying a possible profit of 10.43 percent. The most pessimistic analyst gave a price target of 109, implying potential capital losses of -34.93 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.8 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of IDXX's earnings is estimated by analysts to be 14.69 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. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Today's price is 80.11 percent above the 52-week low, and 3.17 percent lower than its 52-week high. 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 market cap of IDXX is $14.49 billion. IDXX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.