Bio-Techne Corp (NASDAQ:TECH) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Bio-Techne Corp from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Deutsche Bank AG increased their price objective on Bio-Techne Corp from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup Inc. reiterated a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of Bio-Techne Corp in a research report on Wednesday, May 3rd. Wells Fargo & Company assumed coverage on Bio-Techne Corp in a research report on Thursday, July 13th. They set a “market perform” rating on the stock. Finally, TheStreet upgraded Bio-Techne Corp from a “c+” rating to a “b” rating in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $125.20.

Bio-Techne Corp (NASDAQ TECH) opened at 117.54 on Friday. The company has a market cap of $4.39 billion, a PE ratio of 57.06 and a beta of 0.79. The firm has a 50-day moving average price of $116.63 and a 200-day moving average price of $108.89. Bio-Techne Corp has a 52-week low of $95.68 and a 52-week high of $121.94.

Bio-Techne Corp (NASDAQ:TECH) last released its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.10. Bio-Techne Corp had a return on equity of 14.18% and a net margin of 12.93%. The firm had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $150.25 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. On average, analysts forecast that Bio-Techne Corp will post $3.98 EPS for the current year.

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In other news, Director Charles A. Dinarello sold 5,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $111.37, for a total transaction of $556,850.00. Following the transaction, the director now directly owns 12,473 shares in the company, valued at approximately $1,389,118.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 10,200 shares of company stock worth $1,135,648 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Israel Discount Bank of New York bought a new position in Bio-Techne Corp during the first quarter valued at about $105,000. Flinton Capital Management LLC raised its position in Bio-Techne Corp by 10.0% in the first quarter. Flinton Capital Management LLC now owns 1,056 shares of the biotechnology company’s stock valued at $107,000 after buying an additional 96 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Bio-Techne Corp by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,452 shares of the biotechnology company’s stock valued at $148,000 after buying an additional 132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bio-Techne Corp by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,456 shares of the biotechnology company’s stock valued at $171,000 after buying an additional 163 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in Bio-Techne Corp by 49.9% in the first quarter. LS Investment Advisors LLC now owns 1,712 shares of the biotechnology company’s stock valued at $174,000 after buying an additional 570 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Bio-Techne Corp Company Profile

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The Company operates through three segments: Biotechnology, Clinical Controls and Protein Platforms. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Analyst Recommendations for Bio-Techne Corp (NASDAQ:TECH)

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