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.
Many analysts weighed in on price targets for TECH. The maximum price target given was 140, which equates to a potential upside of 19.49 percent. The most pessimistic price target was 105, implying a possible loss of -10.38 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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. If we look at the last 90 days instead, we find a net average change of 1.3 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
TECH has an estimated earnings growth rate of 93.6 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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. TECH has a PEG ratio of 0.67.
In the trailing 52-weeks, TECH hit 119.98 at the highest peak, while it's lowest trading point was 95.68. Today's price is 22.46 percent above the 52-week low, and 2.35 percent below the high. TECH has a price/earnings 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.