Bio-Rad Laboratories (BIO) Getting Somewhat Positive News Coverage, Study Shows
News headlines about Bio-Rad Laboratories (NYSE:BIO) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bio-Rad Laboratories earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the medical research company an impact score of 46.9248435895449 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Healthcare Life Sciences & Analytical Reagents Market is Projected to Cross US$ 10.5 Billion by 2022 (medgadget.com)
- A Model for the Spectral Dependence of Aerosol Sunlight Absorption (environmentguru.com)
- Global Biomarkers Market share will Increase more than US$ 60 Billion by 2023 (medgadget.com)
- Stock Strong Buy Signal: Tata Motors Limited (TTM) ,Bio-Rad Laboratories, Inc. (BIO) – Street Observer (press release) (streetobserver.com)
- PCR Devices Market size will exceed US$ 5.50 Billion by 2022 (medgadget.com)
Bio-Rad Laboratories (NYSE:BIO) opened at 222.22 on Friday. Bio-Rad Laboratories has a 12 month low of $154.89 and a 12 month high of $242.79. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 439.17 and a beta of 0.93. The stock’s 50 day moving average is $220.74 and its 200-day moving average is $217.89.
A number of research firms have weighed in on BIO. BidaskClub raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered shares of Bio-Rad Laboratories from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG raised shares of Bio-Rad Laboratories from a “hold” rating to a “buy” rating and cut their price objective for the company from $220.00 to $195.00 in a research report on Wednesday, June 28th. TheStreet lowered shares of Bio-Rad Laboratories from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $275.00 price objective on shares of Bio-Rad Laboratories in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Bio-Rad Laboratories has a consensus rating of “Buy” and a consensus target price of $240.80.
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In other news, EVP Michael Crowley sold 700 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $215.91, for a total transaction of $151,137.00. Following the completion of the sale, the executive vice president now owns 2,060 shares in the company, valued at approximately $444,774.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 28.29% of the company’s stock.
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.
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