IDEXX Laboratories (IDXX) Receiving Somewhat Positive News Coverage, Accern Reports
News coverage about IDEXX Laboratories (NASDAQ:IDXX) has trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IDEXX Laboratories earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0666223981356 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- ETFs with exposure to IDEXX Laboratories, Inc. : December 8, 2017 (finance.yahoo.com)
- Exxonmobil Investment Management Has Decreased Its Idexx Labs Com (IDXX) Holding; XTEP INTERNATIONAL … – Hill Country Times (hillcountrytimes.com)
- Analytical Guide for four rising stock’s: IDEXX Laboratories, Inc., (NASDAQ: IDXX), Westport Fuel Systems Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- IDEXX Laboratories, Inc. – Value Analysis (NASDAQ:IDXX) : December 6, 2017 (finance.yahoo.com)
- IDXX Crosses Above Average Analyst Target (nasdaq.com)
A number of research firms have commented on IDXX. Zacks Investment Research raised shares of IDEXX Laboratories from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of IDEXX Laboratories in a report on Tuesday, October 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $180.00 price objective on shares of IDEXX Laboratories in a report on Friday, October 6th. Finally, Bank of America raised shares of IDEXX Laboratories from a “neutral” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $173.67.
IDEXX Laboratories (NASDAQ:IDXX) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $492.00 million during the quarter, compared to the consensus estimate of $492.94 million. IDEXX Laboratories had a net margin of 14.55% and a negative return on equity of 336.64%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. research analysts predict that IDEXX Laboratories will post 3.24 EPS for the current year.
In other news, CEO Jonathan W. Ayers sold 18,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $153.75, for a total transaction of $2,767,500.00. Following the completion of the transaction, the chief executive officer now owns 1,064,573 shares of the company’s stock, valued at $163,678,098.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Giovani Twigge sold 2,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $156.07, for a total transaction of $312,140.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,000 shares of company stock valued at $16,686,200. 2.77% of the stock is currently owned by corporate insiders.
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IDEXX Laboratories Company Profile
IDEXX Laboratories, Inc develops, manufactures and distributes products and provides services for the companion animal veterinary, livestock and poultry, dairy and water testing markets. The Company also sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.
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