Analyst Ratings for Bio-Techne Corp. (TECH)Updated: 2017-07-26
Analysts covering Bio-Techne Corp. (NASDAQ:TECH) have given it a consensus rating of Overweight. About 30 days ago, TECH was issued an average rating of Overweight.
Of the 9 analysts covering the stock, 5 gave it a buy rating, 1 gave an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.
A number of analysts gave price targets for TECH. The most optimistic analyst gave a price target of 140, implying a possible profit of 19.49 percent. The most pessimistic analyst gave a price target of 105, implying potential capital losses of -10.38 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -0.03 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 1.3 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
The growth rate of TECH's earnings is estimated by analysts to be 93.6 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of TECH is 0.67.
TECH has traded between a high of 119.98 and a low of 95.68 over the past year. Currently the stock is 22.46 percent higher than its low, and 2.35 percent below the high. TECH has a P/E ratio of 62.96. Investors typically compare the P/E ratio to a company's peers in the industry. The TECH value stock report compares TECH to some of its peers using value stock charts. The market cap of TECH is $4.41 billion. TECH is estimated to release their earnings results for the quarter on 0000-00-00, days from today.