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Zacks upgraded shares of Bio-Rad Laboratories (NYSE:BIO) from an underperform rating to a neutral rating in a research note issued to investors on Tuesday. The firm currently has $120.20 price target on the stock.

Bio-Rad Laboratories (NYSE:BIO) traded down 0.07% during mid-day trading on Tuesday, hitting $117.96. 21,419 shares of the company’s stock traded hands. Bio-Rad Laboratories has a 52 week low of $113.02 and a 52 week high of $134.13. The stock’s 50-day moving average is $120.5 and its 200-day moving average is $124.. The company has a market cap of $3.399 billion and a P/E ratio of 53.20.

Bio-Rad Laboratories (NYSE:BIO) last announced its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.57. The company had revenue of $509.30 million for the quarter, compared to the consensus estimate of $515.00 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that Bio-Rad Laboratories will post $3.86 earnings per share for the current fiscal year.

Separately, analysts at TheStreet downgraded shares of Bio-Rad Laboratories from a buy rating to a hold rating in a research note on Monday, May 26th.

Bio-Rad Laboratories, Inc (NYSE:BIO), 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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