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 price target was 140, implying a possible profit of 19.49 percent. The most pessimistic analyst gave a price target of 105, implying a possible loss of -10.38 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 0 percent. The average change in earnings estimates over the last 90 days 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.
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. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of TECH to grow at a rate of 93.6 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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 TECH is 0.67.
In the last 52-weeks, TECH has achieved a high of 119.98 and a low of 95.68. Today's price is 22.46 percent above the 52-week low, and 2.35 percent lower than its 52-week 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.