Bio-Rad Laboratories, Inc. (BIO) Earns Buy Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Bio-Rad Laboratories, Inc. (NYSE:BIO) in a research report sent to investors on Monday morning. Deutsche Bank AG currently has a $255.00 price objective on the medical research company’s stock.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Bio-Rad Laboratories from a hold rating to a sell rating in a research note on Thursday, August 10th. TheStreet lowered Bio-Rad Laboratories from a b rating to a c+ rating in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a $275.00 price target on shares of Bio-Rad Laboratories in a research note on Friday, July 14th. Wells Fargo & Company assumed coverage on Bio-Rad Laboratories in a research note on Thursday, July 13th. They issued an outperform rating and a $250.00 price target on the stock. Finally, BidaskClub raised Bio-Rad Laboratories from a hold rating to a buy rating in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $240.80.
Shares of Bio-Rad Laboratories (BIO) opened at 233.15 on Monday. Bio-Rad Laboratories has a 1-year low of $154.89 and a 1-year high of $242.79. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 460.77 and a beta of 0.93. The firm has a 50-day moving average price of $220.74 and a 200-day moving average price of $217.89.
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In related news, EVP Michael Crowley sold 700 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $215.91, for a total transaction of $151,137.00. Following the transaction, the executive vice president now owns 2,060 shares of the company’s stock, valued at approximately $444,774.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 28.29% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. USA Financial Portformulas Corp acquired a new position in Bio-Rad Laboratories during the 2nd quarter worth about $782,000. Dynamic Technology Lab Private Ltd lifted its stake in Bio-Rad Laboratories by 20.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 1,618 shares of the medical research company’s stock worth $366,000 after acquiring an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Bio-Rad Laboratories by 1.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,229 shares of the medical research company’s stock worth $1,410,000 after acquiring an additional 100 shares in the last quarter. Martin & Co. Inc. TN lifted its stake in Bio-Rad Laboratories by 0.6% during the 2nd quarter. Martin & Co. Inc. TN now owns 6,825 shares of the medical research company’s stock worth $1,545,000 after acquiring an additional 40 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Bio-Rad Laboratories by 1.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,364 shares of the medical research company’s stock worth $1,440,000 after acquiring an additional 78 shares in the last quarter. 62.84% of the stock is currently owned by hedge funds and other institutional investors.
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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