Bio-Techne Corp (NASDAQ:TECH – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.1667.
A number of equities analysts recently commented on the stock. Evercore set a $50.00 target price on shares of Bio-Techne in a research report on Thursday, May 7th. TD Cowen restated a “buy” rating on shares of Bio-Techne in a research report on Tuesday, March 17th. Stifel Nicolaus set a $50.00 price objective on Bio-Techne in a report on Thursday, May 7th. Robert W. Baird set a $49.00 target price on Bio-Techne in a research note on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price target on Bio-Techne from $76.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th.
Read Our Latest Research Report on Bio-Techne
Institutional Investors Weigh In On Bio-Techne
Bio-Techne Stock Up 3.3%
Shares of TECH opened at $54.41 on Wednesday. Bio-Techne has a 1 year low of $43.19 and a 1 year high of $72.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.49 and a quick ratio of 3.18. The stock has a 50 day simple moving average of $52.08 and a two-hundred day simple moving average of $57.51. The firm has a market cap of $8.52 billion, a P/E ratio of 78.86, a P/E/G ratio of 5.03 and a beta of 1.37.
Bio-Techne (NASDAQ:TECH – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The biotechnology company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Bio-Techne had a return on equity of 13.57% and a net margin of 9.05%.The business had revenue of $311.42 million for the quarter, compared to analysts’ expectations of $316.11 million. During the same period last year, the business posted $0.56 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that Bio-Techne will post 1.67 earnings per share for the current fiscal year.
Bio-Techne Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Bio-Techne’s payout ratio is presently 46.38%.
About Bio-Techne
Bio-Techne Corporation (NASDAQ:TECH) is a global life sciences company that develops, manufactures and sells high-quality reagents, instruments and services for the research, diagnostic and bioprocessing markets. Its core product offerings include recombinant proteins, antibodies, immunoassays, nucleic acid probes and kits, single-cell analysis solutions and automated protein analysis systems. Flagship brands such as R&D Systems, Novus Biologicals, ProteinSimple and Advanced Cell Diagnostics provide researchers and clinicians with reliable tools for cell biology, immunology, proteomics and genomics applications.
Headquartered in Minneapolis, Minnesota, Bio-Techne serves customers across North America, Europe and the Asia-Pacific region through a combination of direct sales, distributors and strategic partnerships.
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