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.

Several price targets were given for IDXX by the analysts covering the stock. The most optimistic price target was 185, implying potential capital gains of 10.43 percent. The lowest price target was 109, which equates to a potential downside 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. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.69 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

IDXX has an estimated earnings growth rate of 14.69 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. 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, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of IDXX is 4.21.

In the trailing 52-weeks, IDXX hit 173.01 at the highest peak, while it's lowest trading point was 93.01. Currently the stock is 80.11 percent higher than its low, 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 will post this quarters earnings in days, on 0000-00-00.