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 analyst gave a price target of 185, implying potential capital gains 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.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. 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 revised their estimates downwards. Also over the last month, 2 analysts increased their estimates for the FY 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. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, 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.
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.