A number of other research analysts also recently issued reports on BIO. Zacks Investment Research downgraded shares of Bio-Rad Laboratories from a hold rating to a sell rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a buy rating and issued a $255.00 price target on shares of Bio-Rad Laboratories in a research report on Monday, September 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Bio-Rad Laboratories currently has a consensus rating of Buy and a consensus price target of $260.00.
Bio-Rad Laboratories (NYSE BIO) opened at $256.26 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.06 and a quick ratio of 2.77. Bio-Rad Laboratories has a 52-week low of $169.19 and a 52-week high of $268.40. The stock has a market cap of $7,504.68, a PE ratio of 80.39, a PEG ratio of 3.82 and a beta of 0.88.
Bio-Rad Laboratories (NYSE:BIO) last posted its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.37. Bio-Rad Laboratories had a net margin of 1.15% and a return on equity of 3.44%. The company had revenue of $535.00 million for the quarter, compared to the consensus estimate of $507.99 million. During the same period last year, the firm posted $0.62 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts anticipate that Bio-Rad Laboratories will post 2.65 earnings per share for the current year.
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In related news, EVP Giovanni Magni sold 2,400 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $253.01, for a total value of $607,224.00. Following the sale, the executive vice president now owns 9,251 shares of the company’s stock, valued at approximately $2,340,595.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 28.29% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Bio-Rad Laboratories in the 2nd quarter worth about $113,000. Pacad Investment Ltd. acquired a new stake in shares of Bio-Rad Laboratories in the 2nd quarter worth about $113,000. First Manhattan Co. increased its holdings in shares of Bio-Rad Laboratories by 71.6% in the 3rd quarter. First Manhattan Co. now owns 599 shares of the medical research company’s stock worth $133,000 after acquiring an additional 250 shares during the period. Turner Investments LLC acquired a new stake in shares of Bio-Rad Laboratories in the 2nd quarter worth about $136,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Bio-Rad Laboratories by 3,333.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 618 shares of the medical research company’s stock worth $137,000 after acquiring an additional 600 shares during the period. 64.27% of the stock is currently owned by institutional investors and hedge funds.
Bio-Rad Laboratories Company Profile
Bio-Rad Laboratories, Inc (Bio-Rad) is a manufacturer and distributor of its life science research and clinical diagnostics products. The Company operates through two segments: Life Science and Clinical Diagnostics. It 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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