Bio-Rad Laboratories (BIO) Receiving Somewhat Favorable Media Coverage, Report Shows

Media coverage about Bio-Rad Laboratories (NYSE:BIO) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bio-Rad Laboratories earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the medical research company an impact score of 46.7579455356292 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s rankings:

Several brokerages have issued reports on BIO. Deutsche Bank reaffirmed a “buy” rating and set a $255.00 target price on shares of Bio-Rad Laboratories in a research note on Monday, September 18th. Zacks Investment Research raised shares of Bio-Rad Laboratories from a “hold” rating to a “strong-buy” rating and set a $291.00 target price on the stock in a research note on Wednesday. TheStreet raised shares of Bio-Rad Laboratories from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $290.00 target price (up previously from $250.00) on shares of Bio-Rad Laboratories in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $277.75.

Bio-Rad Laboratories (NYSE BIO) traded up $2.38 during midday trading on Friday, hitting $251.94. The stock had a trading volume of 338,487 shares, compared to its average volume of 142,643. Bio-Rad Laboratories has a fifty-two week low of $177.68 and a fifty-two week high of $273.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.77 and a current ratio of 4.06. The stock has a market cap of $7,502.51, a price-to-earnings ratio of 80.02, a PEG ratio of 3.76 and a beta of 0.97.

Bio-Rad Laboratories (NYSE:BIO) last posted its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.54 by $0.37. Bio-Rad Laboratories had a return on equity of 3.44% and a net margin of 1.15%. The business had revenue of $535.00 million for the quarter, compared to analyst estimates of $507.99 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts expect that Bio-Rad Laboratories will post 2.68 earnings per share for the current fiscal year.

Bio-Rad Laboratories declared that its board has approved a stock repurchase program on Tuesday, November 28th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the medical research company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP Giovanni Magni sold 2,400 shares of Bio-Rad Laboratories stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $253.01, for a total transaction of $607,224.00. Following the transaction, the executive vice president now owns 9,251 shares in the company, valued at approximately $2,340,595.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christine A. Tsingos sold 4,980 shares of Bio-Rad Laboratories stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $249.40, for a total value of $1,242,012.00. Following the transaction, the chief financial officer now owns 7,283 shares in the company, valued at approximately $1,816,380.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,126 shares of company stock worth $2,309,426. Insiders own 28.29% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Bio-Rad Laboratories (NYSE:BIO)

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