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NASDAQ:TECH

Bio-Techne - TECH Stock Forecast, Price & News

$374.43
-5.52 (-1.45%)
(As of 08/11/2022 04:25 PM ET)
Add
Compare
Today's Range
$374.30
$385.88
50-Day Range
$322.67
$391.85
52-Week Range
$318.07
$543.85
Volume
123,466 shs
Average Volume
254,107 shs
Market Capitalization
$14.69 billion
P/E Ratio
56.56
Dividend Yield
0.34%
Price Target
$489.17

Bio-Techne MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
30.0% Upside
$489.17 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.61
Upright™ Environmental Score
News Sentiment
-0.02mentions of Bio-Techne in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.23 M Sold Last Quarter
Proj. Earnings Growth
16.65%
From $8.35 to $9.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.02 out of 5 stars

Medical Sector

28th out of 1,112 stocks

Biological Products, Except Diagnostic Industry

3rd out of 175 stocks

TECH stock logo

About Bio-Techne (NASDAQ:TECH) Stock

Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells life science reagents, instruments, and services for the research, and diagnostics and bioprocessing markets worldwide. The company operates through two segments, Protein Sciences, and Diagnostics and Genomics. The Protein Sciences segment provides biological reagents used in various aspects of life science research, diagnostics, and cell and gene therapy, such as cytokines and growth factors, antibodies, small molecules, tissue culture sera, and cell selection technologies. This segment also offers proteomic analytical tools for automated western blot and multiplexed ELISA workflow consists of manual and automated protein analysis instruments and immunoassays for use in quantifying proteins in various biological fluids. The Diagnostics and Genomics segment provides diagnostic products, including controls, calibrators, and diagnostic assays for regulated diagnostics market, exosome-based molecular diagnostic assays, advanced tissue-based in-situ hybridization assays for spatial genomic and tissue biopsy analysis, and genetic and oncology kits for research and clinical applications; and nucleic acid analysis products for use in diagnostic or research applications, as well as instruments and process control products for hematology, blood chemistry, blood gases, and coagulation controls and reagents used in various diagnostic applications. It offers its products under R&D Systems, Novus Biologicals, Tocris Biosciences, ProteinSimple, Advanced Cell Diagnostics, and ExosomeDx brands. Bio-Techne Corporation has a clinical research collaboration with Carterra Inc. for the study of COVID-19 variants. The company was formerly known as Techne Corporation and changed its name to Bio-Techne Corporation in November 2014. Bio-Techne Corporation was founded in 1976 and is headquartered in Minneapolis, Minnesota.

Bio-Techne Stock Performance

NASDAQ:TECH traded up $18.83 during trading on Wednesday, hitting $379.95. 195,520 shares of the company's stock traded hands, compared to its average volume of 254,967. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 1.76 and a beta of 1.22. Bio-Techne has a 12-month low of $318.07 and a 12-month high of $543.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.64 and a current ratio of 3.44. The business has a 50 day moving average of $357.01 and a 200-day moving average of $386.22.

Bio-Techne (NASDAQ:TECH - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The biotechnology company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.03). Bio-Techne had a net margin of 24.61% and a return on equity of 16.97%. The company had revenue of $288.30 million for the quarter, compared to the consensus estimate of $287.04 million. During the same quarter in the prior year, the company earned $1.67 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Bio-Techne will post 8.35 earnings per share for the current fiscal year.

Bio-Techne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, August 12th. Bio-Techne's dividend payout ratio (DPR) is 19.34%.

Analysts Set New Price Targets

TECH has been the topic of a number of analyst reports. Stephens cut their price objective on shares of Bio-Techne from $500.00 to $480.00 and set an "overweight" rating on the stock in a report on Friday, August 5th. KeyCorp cut their price target on shares of Bio-Techne from $600.00 to $500.00 in a report on Thursday, May 5th. Wells Fargo & Company downgraded shares of Bio-Techne from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $400.00 to $370.00 in a report on Monday, April 25th. StockNews.com downgraded shares of Bio-Techne from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Finally, Robert W. Baird cut their price target on shares of Bio-Techne from $500.00 to $470.00 in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Bio-Techne has a consensus rating of "Moderate Buy" and a consensus price target of $489.17.

Insider Buying and Selling

In related news, Director John L. Higgins sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $364.31, for a total value of $364,310.00. Following the transaction, the director now directly owns 4,606 shares in the company, valued at $1,678,011.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John L. Higgins sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $364.31, for a total value of $364,310.00. Following the transaction, the director now directly owns 4,606 shares in the company, valued at $1,678,011.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles R. Kummeth sold 5,104 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $365.00, for a total transaction of $1,862,960.00. Following the completion of the transaction, the chief executive officer now owns 198,338 shares in the company, valued at $72,393,370. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.

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TECH Stock News Headlines

Stephens Cuts Bio-Techne (NASDAQ:TECH) Price Target to $480.00
StockNews.com Downgrades Bio-Techne (NASDAQ:TECH) to Hold
BIO-TECHNE RELEASES FOURTH QUARTER FISCAL 2022 RESULTS
See More Headlines
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TECH Company Calendar

Ex-Dividend for 5/27 Dividend
5/13/2022
Dividend Payable
5/27/2022
Last Earnings
8/04/2022
Today
8/11/2022
Ex-Dividend for 8/29 Dividend
8/12/2022
Dividend Payable
8/29/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
Life Sciences Tools & Services
Sector
Medical
Current Symbol
NASDAQ:TECH
CUSIP
87837710
Employees
2,600
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$489.17
High Stock Price Forecast
$575.00
Low Stock Price Forecast
$370.00
Forecasted Upside/Downside
+30.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$272.05 million
Pretax Margin
27.26%

Debt

Sales & Book Value

Annual Sales
$1.11 billion
Cash Flow
$9.63 per share
Book Value
$43.36 per share

Miscellaneous

Free Float
37,625,000
Market Cap
$14.69 billion
Optionable
Optionable
Beta
1.22

Social Links















TECH Stock - Frequently Asked Questions

Should I buy or sell Bio-Techne stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bio-Techne in the last twelve months. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TECH shares.
View TECH analyst ratings
or view top-rated stocks.

What is Bio-Techne's stock price forecast for 2022?

5 Wall Street research analysts have issued twelve-month price targets for Bio-Techne's shares. Their TECH share price forecasts range from $370.00 to $575.00. On average, they expect the company's share price to reach $489.17 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
View analysts price targets for TECH
or view top-rated stocks among Wall Street analysts.

How have TECH shares performed in 2022?

Bio-Techne's stock was trading at $517.34 on January 1st, 2022. Since then, TECH shares have decreased by 27.2% and is now trading at $376.67.
View the best growth stocks for 2022 here
.

When is Bio-Techne's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our TECH earnings forecast
.

How were Bio-Techne's earnings last quarter?

Bio-Techne Co. (NASDAQ:TECH) posted its quarterly earnings results on Thursday, August, 4th. The biotechnology company reported $2.05 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by $0.03. The biotechnology company had revenue of $288.30 million for the quarter, compared to the consensus estimate of $287.04 million. Bio-Techne had a net margin of 24.61% and a trailing twelve-month return on equity of 16.97%. Bio-Techne's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share.

How often does Bio-Techne pay dividends? What is the dividend yield for Bio-Techne?

Bio-Techne announced a quarterly dividend on Friday, August 5th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.32 per share on Monday, August 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for TECH
.

Is Bio-Techne a good dividend stock?

Bio-Techne (NASDAQ:TECH) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.35%. The dividend payout ratio is 19.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TECH will have a dividend payout ratio of 13.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TECH.

What is Charles Kummeth's approval rating as Bio-Techne's CEO?

95 employees have rated Bio-Techne Chief Executive Officer Charles Kummeth on Glassdoor.com. Charles Kummeth has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Bio-Techne own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bio-Techne investors own include Paychex (PAYX), Gilead Sciences (gild), NVIDIA (NVDA), AbbVie (ABBV), Amgen (AMGN), Abbott Laboratories (ABT), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T) and Boeing (BA).

What is Bio-Techne's stock symbol?

Bio-Techne trades on the NASDAQ under the ticker symbol "TECH."

Who are Bio-Techne's major shareholders?

Bio-Techne's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.22%), Mackenzie Financial Corp (0.98%), Geneva Capital Management LLC (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Riverbridge Partners LLC (0.57%) and Artemis Investment Management LLP (0.51%). Insiders that own company stock include Alpna Seth, Brenda S Furlow, Brenda S Furlow, Charles R Kummeth, Charles R Kummeth, Glenn Hedde, Harold J Wiens, James Hippel, John L Higgins, Kim Kelderman, Norman David Eansor, Robert V Baumgartner and Roeland Nusse.
View institutional ownership trends
.

How do I buy shares of Bio-Techne?

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

What is Bio-Techne's stock price today?

One share of TECH stock can currently be purchased for approximately $376.67.

How much money does Bio-Techne make?

Bio-Techne (NASDAQ:TECH) has a market capitalization of $14.78 billion and generates $1.11 billion in revenue each year. The biotechnology company earns $272.05 million in net income (profit) each year or $6.62 on an earnings per share basis.

How many employees does Bio-Techne have?

The company employs 2,600 workers across the globe.

Does Bio-Techne have any subsidiaries?

The following companies are subsidiares of Bio-Techne: Advanced Cell Diagnostics, Advanced Cell Diagnostics Inc., B-MoGen Biotechnologies Inc., Bio-Techne China Co. Ltd, Bio-Techne Ltd., Bionostics Inc., Cliniqa, CyVek, Exosome Diagnostics, Exosome Diagnostics Inc., MoGen Biotechnologies, Novus Biologicals, Novus Biologicals LLC, ProteinSimple, ProteinSimple Ltd., QT Holdings Corporation, Quad Technologies, Research and Diagnostic Systems Inc., Shanghai PrimeGene Bio-Tech Co. Ltd., Space Import-Export Srl, Tocris Cookson Limited, and Zephyrus Biosciences.
Read More

When was Bio-Techne founded?

Bio-Techne was founded in 1981.

How can I contact Bio-Techne?

Bio-Techne's mailing address is 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413. The official website for the company is www.bio-techne.com. The biotechnology company can be reached via phone at (612) 379-8854, via email at ir@bio-techne.com, or via fax at 612-656-4400.

This page (NASDAQ:TECH) was last updated on 8/11/2022 by MarketBeat.com Staff

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