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Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
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Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
Foot Locker Builds Up Another Head of Steam; Gains Imminent
NASDAQ:IDXX

IDEXX Laboratories (IDXX) Stock Price, News & Analysis

$539.93
+0.36 (+0.07%)
(As of 03/28/2024 ET)
Today's Range
$537.39
$543.29
50-Day Range
$515.08
$576.87
52-Week Range
$372.50
$583.39
Volume
290,085 shs
Average Volume
397,320 shs
Market Capitalization
$44.86 billion
P/E Ratio
53.62
Dividend Yield
N/A
Price Target
$591.50

IDEXX Laboratories MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
9.6% Upside
$591.50 Price Target
Short Interest
Bearish
2.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.09
Upright™ Environmental Score
News Sentiment
1.24mentions of IDEXX Laboratories in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$24.87 M Sold Last Quarter
Proj. Earnings Growth
14.53%
From $11.15 to $12.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Medical Sector

198th out of 939 stocks

Diagnostic Substances Industry

4th out of 13 stocks

IDXX stock logo

About IDEXX Laboratories Stock (NASDAQ:IDXX)

IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy. It also provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assay test kits; veterinary reference laboratory diagnostic and consulting services; practice management and diagnostic imaging systems and services for veterinarians; and health monitoring, biological materials testing, and laboratory diagnostic instruments, and services for biomedical research community. In addition, the company offers diagnostic and health-monitoring products for livestock, poultry, and dairy; products that test water for various microbiological contaminants; point-of-care electrolytes and blood gas analyzers; in-clinic chemistry, blood and urine chemistry, hematology, immunoassay, urinalysis, and coagulation analyzers; and SNAP rapid assays test kits. Further, it provides Colilert, Colilert-18, and Colisure tests, which detect the presence of total coliforms and E. coli in water; Enterolert, Pseudalert, Filta-Max and Filta-Max xpress, Legiolert, and Quanti-Tray products; and veterinary software and services for independent veterinary clinics and corporate groups. Additionally, the company offers human medical point-of-care products and laboratory diagnostics services. The company markets its products through marketing, customer service, sales, and technical service groups, as well as through independent distributors and other resellers. IDEXX Laboratories, Inc. was incorporated in 1983 and is headquartered in Westbrook, Maine.

IDXX Stock Price History

IDXX Stock News Headlines

A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
IDXX Oct 2024 780.000 call
IDXX Apr 2024 280.000 put
A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
IDXX Jun 2024 640.000 call
IDXX Feb 2024 550.000 call
IDEXX Laboratories Inc Insider Sells Shares
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Today
3/28/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Diagnostic substances
Sub-Industry
Health Care Equipment
Current Symbol
NASDAQ:IDXX
CUSIP
45168D10
Employees
11,000
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$591.50
High Stock Price Target
$655.00
Low Stock Price Target
$460.00
Potential Upside/Downside
+9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$845.04 million
Pretax Margin
28.99%

Debt

Sales & Book Value

Annual Sales
$3.66 billion
Cash Flow
$11.76 per share
Book Value
$17.88 per share

Miscellaneous

Free Float
81,336,000
Market Cap
$44.86 billion
Optionable
Optionable
Beta
1.27

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Should I Buy IDEXX Laboratories Stock? IDXX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in IDEXX Laboratories, Inc.:

  • Recent expansion into international markets, providing opportunities for growth and increased revenue.
  • Strong presence in the companion animal veterinary market, which is a stable and growing industry.
  • Continuous innovation in diagnostic products, ensuring competitiveness and relevance in the market.
  • Positive financial performance with consistent revenue growth and profitability.
  • Current stock price showing an upward trend, indicating investor confidence and potential for capital gains.

Cons

Investors should be bearish about investing in IDEXX Laboratories, Inc. for these reasons:

  • Dependency on the veterinary and livestock markets, which can be influenced by external factors like economic conditions and regulations.
  • Competition from other diagnostic companies in the industry, leading to potential pricing pressures.
  • Market volatility affecting stock performance, requiring a cautious approach to investment.
  • Regulatory challenges in different regions impacting product approvals and market access.
  • Potential impact of global health crises on demand for veterinary services and diagnostic products.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these IDEXX Laboratories pros and cons to contact@marketbeat.com.

IDXX Stock Analysis - Frequently Asked Questions

Should I buy or sell IDEXX Laboratories stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IDEXX Laboratories in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IDXX shares.
View IDXX analyst ratings
or view top-rated stocks.

What is IDEXX Laboratories' stock price target for 2024?

9 brokerages have issued 1 year price targets for IDEXX Laboratories' stock. Their IDXX share price targets range from $460.00 to $655.00. On average, they predict the company's stock price to reach $591.50 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
View analysts price targets for IDXX
or view top-rated stocks among Wall Street analysts.

How have IDXX shares performed in 2024?

IDEXX Laboratories' stock was trading at $555.05 at the beginning of 2024. Since then, IDXX shares have decreased by 2.7% and is now trading at $539.93.
View the best growth stocks for 2024 here
.

Are investors shorting IDEXX Laboratories?

IDEXX Laboratories saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,800,000 shares, an increase of 6.5% from the February 29th total of 1,690,000 shares. Based on an average trading volume of 415,900 shares, the days-to-cover ratio is currently 4.3 days. Currently, 2.2% of the company's shares are sold short.
View IDEXX Laboratories' Short Interest
.

When is IDEXX Laboratories' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our IDXX earnings forecast
.

How were IDEXX Laboratories' earnings last quarter?

IDEXX Laboratories, Inc. (NASDAQ:IDXX) announced its earnings results on Monday, February, 5th. The company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.20. The company had revenue of $901.60 million for the quarter, compared to analysts' expectations of $891.88 million. IDEXX Laboratories had a trailing twelve-month return on equity of 71.66% and a net margin of 23.08%. The company's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $2.05 EPS.
Read the conference call transcript
.

What guidance has IDEXX Laboratories issued on next quarter's earnings?

IDEXX Laboratories updated its FY 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of 10.840-11.330 for the period, compared to the consensus estimate of 11.000. The company issued revenue guidance of $3.9 billion-$4.0 billion, compared to the consensus revenue estimate of $4.0 billion.

What is Jay Mazelsky's approval rating as IDEXX Laboratories' CEO?

40 employees have rated IDEXX Laboratories Chief Executive Officer Jay Mazelsky on Glassdoor.com. Jay Mazelsky has an approval rating of 69% among the company's employees.

What other stocks do shareholders of IDEXX Laboratories own?

Based on aggregate information from My MarketBeat watchlists, some companies that other IDEXX Laboratories investors own include NVIDIA (NVDA), Netflix (NFLX), PayPal (PYPL), Mastercard (MA), Adobe (ADBE), Tesla (TSLA), Alibaba Group (BABA), Block (SQ), Walt Disney (DIS) and Shopify (SHOP).

Who are IDEXX Laboratories' major shareholders?

IDEXX Laboratories' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.08%), Franklin Resources Inc. (1.69%), Brown Advisory Inc. (1.39%), Capital World Investors (1.23%), Norges Bank (1.11%) and Northern Trust Corp (1.04%). Insiders that own company stock include Brian P Mckeon, Daniel M Junius, George Fennell, Giovani Twigge, James F Polewaczyk, James F Polewaczyk, Jonathan Jay Mazelsky, Jonathan W Ayers, Kathy V Turner, Kathy V Turner, M Anne Szostak, Michael Lane, Nimrata Hunt and Sophie V Vandebroek.
View institutional ownership trends
.

How do I buy shares of IDEXX Laboratories?

Shares of IDXX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IDXX) was last updated on 3/29/2024 by MarketBeat.com Staff

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