Bio-Rad Laboratories Upgraded by Zacks to “Neutral” (BIO)
Bio-Rad Laboratories (NYSE:BIO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a $131.00 target price on the stock. Zacks‘ price objective indicates a potential upside of 0.76% from the company’s current price.
Bio-Rad Laboratories (NYSE:BIO) traded down 0.23% during mid-day trading on Wednesday, hitting $129.71. 95,383 shares of the company’s stock traded hands. Bio-Rad Laboratories has a one year low of $109.76 and a one year high of $133.00. The stock’s 50-day moving average is $123.4 and its 200-day moving average is $120.2. The company has a market cap of $3.722 billion and a price-to-earnings ratio of 41.98.
Bio-Rad Laboratories (NYSE:BIO) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $1.16. The company had revenue of $505.10 million for the quarter, compared to the consensus estimate of $529.02 million. During the same quarter last year, the company posted $1.48 earnings per share. Bio-Rad Laboratories’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Bio-Rad Laboratories will post $3.95 EPS for the current fiscal year.
Bio-Rad Laboratories, Inc (NYSE:BIO) manufactures and supplies the life science research, healthcare, analytical chemistry and other markets with a range of products and systems used to separate complex chemical and biological materials and to identify, analyze and purify their components.
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