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Alere (NYSE:ALR) has earned a “B” credit rating from analysts at Morningstar. The credit rating agency’s “B” rating indicates that the company is a high default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.

A number of other analysts have also recently weighed in on ALR. Analysts at Jefferies Group cut their price target on shares of Alere from $45.00 to $40.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Leerink Swann cut their price target on shares of Alere from $40.00 to $38.00 in a research note on Tuesday, August 5th. They now have a “market perform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Alere from $50.00 to $45.00 in a research note on Tuesday, August 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $42.60.

Shares of Alere (NYSE:ALR) traded up 0.14% during mid-day trading on Monday, hitting $35.45. The stock had a trading volume of 171,190 shares. Alere has a 52 week low of $30.14 and a 52 week high of $40.80. The stock has a 50-day moving average of $36.76 and a 200-day moving average of $36.1. The company’s market cap is $2.945 billion.

Alere (NYSE:ALR) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.16. The company had revenue of $738.30 million for the quarter, compared to the consensus estimate of $747.55 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Alere will post $2.23 EPS for the current fiscal year.

Alere Inc is a provider of point-of-care diagnostics and services. The Company’s products and services help healthcare practitioners make treatment decisions and improve outcomes for individuals living with chronic disease.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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