Bio-Techne Corp (NASDAQ:TECH) Given Price Target Of $113.5


As per Bio-Techne Corp (NASDAQ:TECH)’s news release on 2016-05-03, its shareholders will get cash dividend of $0.32 per share. The recent press release updated on the record date and payout date, which stands at 2016-05-13 and 2016-05-27, respectively.

The stock of Bio-Techne Corp (NASDAQ:TECH) will commence trading ex-dividend from 2016-05-11, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Bio-Techne Corp (NASDAQ:TECH) disbursed $1.28 in dividend compared to distribution of $1.27, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0.7874%.

The past track record of five years substantiates that the average payout of Bio-Techne Corp (NASDAQ:TECH) stands at $1.214, implying 3.649% growth. The company recorded earnings of $0.87 a share in the preceding fiscal.

The interim price target for Bio-Techne Corp (NASDAQ:TECH) is set at $113.5. This level is the mean price reached by averaging the stock views of 4 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $118 and the lowest level is established at 105. This broad range highlights a standard deviation of $5.802 in reported estimates.

AlphaOne has allotted A sentiment score of 0.568 to Bio-Techne Corp (NASDAQ:TECH) while impact score assigned is 0 as on as on 2016-07-15.

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