BIO - Bio-Rad Laboratories, Inc.
339.73 0.00 (0.00%)
After hours: 4:17PM EDT
| Previous Close | 338.34 |
| Open | 338.98 |
| Bid | 339.20 x 900 |
| Ask | 339.97 x 800 |
| Day's Range | 337.67 - 343.98 |
| 52 Week Range | 220.05 - 345.50 |
| Volume | 131,015 |
| Avg. Volume | 185,628 |
| Market Cap | 10.102B |
| Beta (3Y Monthly) | 1.35 |
| PE Ratio (TTM) | 11.33 |
| EPS (TTM) | 29.97 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 390.00 |
- TipRanks
Goldman Sachs: 4 Conviction Buy Stocks To Snap Up Now
Goldman Sachs has a special rating for stocks which it holds in particularly high regard. This is called a ‘Conviction Buy’ rating. The firm’s prized list of Conviction Buy stocks reveals the stock picks that the investment bank's research team expects to outperform. That’s particularly useful for investors looking for fresh investing inspiration in the face of current market volatility. Here we take a closer look at four stocks that have made it to the firm’s list of top stock ideas. Does the rest of the Street have an equally bullish outlook on these names? Interestingly, all of the stocks covered have received only buy ratings from the Street in the last three months. So no hold or sell ratings here. Let’s take a closer look at what’s keeping analysts on-side now… Comcast Corporation Shares in this cable giant are up 37% year-to-date, and analysts believe further growth lies ahead. Ten analysts have published recent buy ratings on Comcast (CMCSA – Get Report), with Goldman Sachs’ Brett Feldman going so far as to double-upgrade CMCSA all the way from Hold to Conviction Buy. Thanks to "healthy fundamentals across its key businesses”, Feldman foresees "strong growth" over the next three years with annual earnings growth of 11%, free cash flow per share of 12% and dividends of 15%. At the same time, five-star Oppenheimer analyst Timothy Horan has just upgraded Comcast from Hold to Buy. Like Feldman, he has a $54 price target, which translates into upside potential of 16%. So what’s the reason behind his bullish transition on the stock? The analyst referred to a triple whammy of broadband strength, underestimated ad revenue, and secular cable improvements. “Fundamentals are healthy in the near-term, and we think 2020 is setting up to be a strong year.” Horan stated. “Cable margins should continue to expand as revenue mix shifts to higher margin broadband (estimated 70% adj. EBITDA margins) vs. video (estimated 20% margins).” Voya Financial IncBased in New York, Voya Financial (VOYA – Get Report) is a retirement, investment and insurance company serving over 13 million customers. On September 12, Goldman Sachs’ Alex Scott upgraded VOYA from Buy to Conviction Buy, citing three key reasons: 1) the possibility of a takeover; 2) potential upside to capital return from life redundant reserve refinancing; and 3) exposure to low interest rates more fully reflected in the valuation. Indeed, the analyst’s Street-high price target of $85 indicates substantial upside potential from current levels of 56%. Note that shares have already surged 35% year-to-date. Meanwhile Morgan Stanley’s Nigel Dally has just met up with Voya management. He left the meetings reassured of his bullish outlook on the company, reiterating his buy rating and $63 price target. The analyst stated "We continue to highlight Voya as one of the most compelling investment opportunities in the life and annuity industry following time on the road through Europe with management. Despite the somewhat disappointing second quarter earnings and lower earnings run-rate, we feel the future prospects for attractive growth and ROE expansion are stronger than what is reflected in the current stock price." Mastercard IncAll eighteen analysts covering Mastercard (MA – Get Report) rate the stock a buy right now. But Goldman Sachs has gone one step further. The firm’s James Schneider has now kept a Conviction Buy rating on Mastercard for over a year. He upgraded the stock to best idea status on September 17 2018, writing at the time that Mastercard is catalyzing the next growth horizon in business-to-business (B2B) payments. "We believe the B2B market represents the next growth horizon for the payments industry and think Mastercard is the best positioned given its multifaceted product approach," Schneider said in a research note. In fact, Goldman Sachs has calculated that B2B payments will represent a whopping $950 billion annualized opportunity for payment stocks. More recently, Schneider reiterated his MA buy rating after management reaffirmed its 2019 guidance. Following the recent earnings call, the analyst told investors that he is optimistic the stock will continue to soar. Shares are already up 46% year-to-date- while the average analyst price target indicates a further 15% upside lies ahead. Bio-Rad Laboratories According to the Street, Bio-Rad (BIO – Get Report) offers attractive exposure to Life Science Tools at a reasonable valuation. With annual sales of $2.2 billion, BIO is among the top five life science companies in the world. And now Goldman Sachs analyst Patrick Donnelly has upgraded Bio-Rad to the Conviction Buy list, citing improving execution and undervalued fundamentals. Looking forward, Donnelly is confident BIO can outperform second half guidance due to strong organic growth, easing comps, margin expansion initiatives, limited maco headwinds and capital deployment. He maintained a $400 price target- indicating 20% upside potential from current levels.In the last three months, only one other analyst has published a rating on BIO stock. That analyst is Barclays’ Jack Meehan. His buy rating comes with a $380 price target- up from $350 previously. “We continue to believe that Bio-Rad has substantial long-term opportunity ahead, and believe there is good visibility into high-teens EPS growth” comments Meehan. He made the call after Bio-Rad delivered solid 2Q19 results, with a notable EPS beat and strong operational discipline. Year-to-date, the stock has rallied 45%. Discover Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
- American City Business Journals
After record IPO, East Bay company's CEO targets growth — and sleep
Unlike most biotech IPOs, 10X Genomics already has nine-figure revenue, and CEO Serge Saxonov says thee's more to come.
- American City Business Journals
On eve of biggest biotech IPO this year, 2 East Bay companies spar over patents
10X Genomics is one of the hottest life sciences companies, hitting the market today after an expected $448.5 million IPO. But Bio-Rad Laboratories claims 10X's products are based on patents it holds.
- Business Wire
Bio-Rad Files New Lawsuit Against 10X Genomics for Patent Infringement
Bio-Rad Laboratories, Inc. (NYSE:BIO and BIOb), a global leader of life science research and clinical diagnostic products, today announced that it has filed a patent infringement suit against 10X Genomics, Inc. in the United States District Court for the District of Delaware. In the lawsuit Bio-Rad asserts that 10X Genomics infringes U.S. Patent No. 8,871,444, which is exclusively licensed to Bio-Rad from Harvard University and the Medical Research Council.
- Zacks
Bio-Rad (BIO) Up 8.8% Since Last Earnings Report: Can It Continue?
Bio-Rad (BIO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Benzinga
Biome Sees Revenue Quadruple, Gross Profits Triple In Q2
Biome's working capital fell 37% to CA$1,324,582 in the second quarter. Biome's first licensed producer under Canada's Cannabis Act, Highland Grow, reported standalone net profitability in its second commercial production quarter. Biome was approved for selling cannabis in Saskatchewan, while adding Manitoba to its national supply footprint.
- Thomson Reuters StreetEvents
Edited Transcript of BIO earnings conference call or presentation 1-Aug-19 9:00pm GMT
Q2 2019 Bio Rad Laboratories Inc Earnings Call
- Zacks
Here's Why You Should Retain Bio-Rad (BIO) Stock for Now
Investors' confidence continues to be high on solid prospects of Bio-Rad (BIO).
- Business Wire
Fitch Ratings Upgrades Bio-Rad to BBB, ‘Outlook Stable,’ Reflecting Continued Improvement in the Company’s Operating Performance
Bio-Rad Laboratories, Inc. , a global leader of life science research and clinical diagnostic products, announced that Fitch Ratings has upgraded Bio-Rad Laboratories, Inc.'s Long-Term Issuer-Default to “BBB” from “BBB-.” The upgrade reflects Bio-Rad's improved EBITDA and FCF margins, which, according to Fitch Ratings, are trending toward industry averages as a result of cost rationalization initiatives ...
- American City Business Journals
How a biotech revolution catapulted this East Bay company to a $100M IPO
This company has helped fuel the revolution in single-cell sequencing, which has accelerated discoveries in cancer, immunology and neuroscience.
- American City Business Journals
The $200K Club: NetApp's median employee gets a pay boost to join the salary ranks of Google, Netflix and Facebook
NetApp Inc. this year paid its median employee just shy of $200,000 — a level that puts it on par with some of Silicon Valley's biggest companies and represents a 26 percent jump, year-over-year.
- Zacks
PRGO vs. BIO: Which Stock Is the Better Value Option?
PRGO vs. BIO: Which Stock Is the Better Value Option?
- Zacks
Bio-Rad (Bio) Q2 Earnings Beat Estimates, Margins Expand
We are upbeat about Bio-Rad's (BIO) year-over-year revenue growth within the Clinical Diagnostics segment in Q2.
Motley FoolBio-Rad Laboratories Inc (BIO) (BIO-B) Q2 2019 Earnings Call Transcript
BIO, BIO-B earnings call for the period ending June 30, 2019.
- Zacks
Bio-Rad Laboratories (BIO) Surpasses Q2 Earnings and Revenue Estimates
Bio-Rad (BIO) delivered earnings and revenue surprises of 12.95% and 1.66%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Bio-Rad Reports Second-Quarter 2019 Financial Results
Bio-Rad Laboratories, Inc. , a global leader of life science research and clinical diagnostic products, today announced financial results for the second quarter ended June 30, 2019.
- Simply Wall St.
Do Insiders Own Shares In Biome Grow Inc. (CNSX:BIO)?
A look at the shareholders of Biome Grow Inc. (CNSX:BIO) can tell us which group is most powerful. Institutions often...
- Zacks
Analysts Estimate Bio-Rad Laboratories (BIO) to Report a Decline in Earnings: What to Look Out for
Bio-Rad (BIO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
IVD Market Sustains Momentum: 3 Stocks in Focus
In-vitro Diagnostics has successfully proven itself to be the best diagnostic procedures. So, investors can add stocks from this space to their watchlist.
- Zacks
ABT or BIO: Which Stock Has Better Potential Right Now?
Abbott (ABT) scores higher than Bio-Rad (BIO) in terms of valuation and one-year price performance.
- American City Business Journals
Facebook churns out a per-employee profit of $635K per year. How that compares with Apple, Google, Cisco, Oracle, Salesforce and others
Facebook makes more profit per employee than any other tech company on the Fortune 500: A whopping $634,694 per year. Here's how that compares with other major tech employers like Google, Apple and Cisco.
- Zacks
Here's Why You Should Invest in CONMED (CNMD) Stock Now
CONMED (CNMD) continues to benefit from robust international sales, broad product portfolio and persistent focus on R&D.
- Zacks
Luminex (LMNX) Presents ARIES MRSA Assay to FDA for Clearance
Luminex (LMNX) submits the ARIES MRSA assay to the FDA for clearance. The company's ARIES system will get a substantial boost once the FDA clearance is through.
