Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $115.50 on IDEXX Laboratories, Inc. (NASDAQ:IDXX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.36 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of IDEXX Laboratories, Inc. (NASDAQ:IDXX) stands at 51.86.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For IDEXX Laboratories, Inc., the PEG ratio for coming 3-5 years is 3.54.
The technical analysis highlights that IDEXX Laboratories, Inc. current is trading $7.94 points away or +7.45% from its 50-day moving average of $106.47. Further it is trading $24.71 or +27.55% away its 200-day moving average of $89.70.
The 52-week high of IDEXX Laboratories, Inc. (NASDAQ:IDXX) was $115.06 while lowest point recorded in 52-week was $63.48. It implies if stock price makes a movement of over $-0.65, it will record a new 52-week high. In the case of +80.23% drop, it will touch a new 52-week low.
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