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, implying potential capital gains of 19.49 percent. The minimum price target given was 105, implying a possible loss of -10.38 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.3 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of TECH to grow at a rate of 93.6 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. TECH has a PEG ratio of 0.67.
TECH has a 52-week high of 119.98 and a 52-week low of 95.68. The current market price is above the trailing year's low by 22.46 percent, 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 will post this quarters earnings in days, on 0000-00-00.