IDEXX Laboratories, Inc. (NASDAQ:IDXX) has a mean price target of $115.50 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.52 a share for the very next quarter and $2.36 for this year.
The technical study of IDEXX Laboratories, Inc. demonstrates that the 50-day moving average of IDEXX Laboratories, Inc. (NASDAQ:IDXX) stock is $109.76, and is trading $-0.22 points away or -0.20% from 50-day moving average of $109.76. It is trading $18.21 or +19.93% away 200-day moving average of $91.33.
The 52-week high of IDEXX Laboratories, Inc. (NASDAQ:IDXX) was $115.06 while $63.48 is the low mark in the same period. It state IDEXX Laboratories, Inc. share price has to surge more than $-5.52 to hit 52-week high or drop +72.56% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of IDEXX Laboratories, Inc., investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. IDEXX Laboratories, Inc. (NASDAQ:IDXX) ratio came in at 49.66, after dividing current equity price by yearly earnings. IDEXX Laboratories, Inc. stock recorded a close of $109.54 in last trading session, registering a market cap of $9.81B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. IDEXX Laboratories, Inc. (NASDAQ:IDXX) PEG ratio is at 3.40.
1 Chart Pattern Every Investor Should Know
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