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.
Investment analysts gave a few price targets for TECH. The maximum price target given was 140, which equates to a potential upside of 19.49 percent. The minimum price target given was 105, implying a possible loss 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. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.3 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's 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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of TECH is 0.67.
In the trailing 52-weeks, TECH hit 119.98 at the highest peak, while it's lowest trading point was 95.68. Currently the stock is 22.46 percent higher than its low, and below the high by 2.35 percent. 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 stock has a market capitalization of $4.41 billion. TECH's next earnings release will be on 0000-00-00, which is days away.