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NASDAQ:TECH

BIO-TECHNE Stock Forecast, Price & News

$237.70
-6.20 (-2.54 %)
(As of 09/21/2020 12:00 AM ET)
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Compare
Today's Range
$235.75
Now: $237.70
$241.99
50-Day Range
$243.75
MA: $255.47
$278.87
52-Week Range
$155.17
Now: $237.70
$286.68
Volume155,496 shs
Average Volume220,422 shs
Market Capitalization$9.16 billion
P/E Ratio41.05
Dividend Yield0.52%
Beta0.98
Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells biotechnology reagents, instruments, and clinical diagnostic controls worldwide. It operates in three segments: Biotechnology, Protein Platforms, and Diagnostics. The Biotechnology segment offers specialized proteins, such as cytokines and growth factors, immunoassays, antibodies, and related reagents to the biotechnology research community; and in situ hybridization, media, and other cell culture products and reagents. It also provides various products, which serves as predictive biomarkers and therapeutic targets for various human diseases and conditions, such as cancer, autoimmunity, diabetes, hypertension, obesity, inflammation, neurological disorders, and kidney failure. The Protein Platforms segment offers Biologics tools for researchers to interrogate protein purity and identify contaminants during the development and production of biologics; Western blot, an assay for protein analysis and identification; SimplePlex platform, an enzyme-linked immunosorbent assay for use in research and clinical diagnostics; and Single Cell Western platform to elucidate the properties of individual cells to understand cell behavior. The Diagnostics segment provides blood chemistry and gas quality controls, hematology instrument controls, diagnostic immunoassays, and other bulk and custom reagents for the in vitro diagnostic market. Bio-Techne Corporation has a strategic cooperation agreement with Micropoint Bioscience. The company was formerly known as Techne Corporation and changed its name to Bio-Techne Corporation in November 2014. It has strategic partnership with NanoString Technologies. Bio-Techne Corporation was founded in 1976 and is headquartered in Minneapolis, Minnesota.
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BIO-TECHNE logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryLife Sciences Tools & Services
SectorMedical
Current SymbolNASDAQ:TECH
CUSIP87837710
Phone612-379-8854

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$738.69 million
Cash Flow$5.99 per share
Book Value$36.13 per share

Profitability

Net Income$229.30 million

Miscellaneous

Employees2,300
Market Cap$9.16 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$237.70
-6.20 (-2.54 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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BIO-TECHNE (NASDAQ:TECH) Frequently Asked Questions

How has BIO-TECHNE's stock been impacted by Coronavirus?

BIO-TECHNE's stock was trading at $180.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TECH stock has increased by 31.6% and is now trading at $237.70.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of BIO-TECHNE?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIO-TECHNE in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for BIO-TECHNE
.

When is BIO-TECHNE's next earnings date?

BIO-TECHNE is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for BIO-TECHNE
.

How were BIO-TECHNE's earnings last quarter?

BIO-TECHNE Corp (NASDAQ:TECH) issued its quarterly earnings results on Tuesday, August, 4th. The biotechnology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The biotechnology company had revenue of $175.83 million for the quarter, compared to analysts' expectations of $165.70 million. BIO-TECHNE had a net margin of 31.04% and a return on equity of 11.94%. The firm's revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS.
View BIO-TECHNE's earnings history
.

How often does BIO-TECHNE pay dividends? What is the dividend yield for BIO-TECHNE?

BIO-TECHNE declared a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be given a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, February 13th.
View BIO-TECHNE's dividend history
.

What price target have analysts set for TECH?

9 brokers have issued 12-month price objectives for BIO-TECHNE's stock. Their forecasts range from $220.00 to $328.00. On average, they anticipate BIO-TECHNE's share price to reach $268.25 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
View analysts' price targets for BIO-TECHNE
.

Are investors shorting BIO-TECHNE?

BIO-TECHNE saw a increase in short interest in August. As of August 14th, there was short interest totaling 618,500 shares, an increase of 9.3% from the July 30th total of 565,700 shares. Based on an average daily trading volume, of 226,800 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.6% of the company's stock are short sold.
View BIO-TECHNE's Short Interest
.

Who are some of BIO-TECHNE's key competitors?

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), Alibaba Group (BABA), Abbott Laboratories (ABT), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Verizon Communications (VZ).

Who are BIO-TECHNE's key executives?

BIO-TECHNE's management team includes the following people:
  • Mr. Charles R. Kummeth, CEO, Pres & Director (Age 59)
  • Mr. James T. Hippel, Sr. VP of Fin. & CFO (Age 48)
  • Ms. Brenda S. Furlow, Gen. Counsel, Sec. & Chief Compliance Officer (Age 61)
  • Mr. N. David Eansor, Pres of Protein Sciences Segment (Age 58)
  • Mr. Gerry Andros, VP of Sales and Marketing

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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.46%), Bamco Inc. NY (3.97%), Neuberger Berman Group LLC (3.48%), Jackson Square Partners LLC (2.61%), Mairs & Power Inc. (2.36%) and Bank of New York Mellon Corp (1.21%). Company insiders that own BIO-TECHNE stock include Brenda S Furlow, Charles R Kummeth, Harold J Wiens, James Hippel, John L Higgins, Norman David Eansor, Robert V Baumgartner and Roeland Nusse.
View institutional ownership trends for BIO-TECHNE
.

Which major investors are selling BIO-TECHNE stock?

TECH stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Kornitzer Capital Management Inc. KS, Mairs & Power Inc., Candriam Luxembourg S.C.A., Thrivent Financial for Lutherans, AQR Capital Management LLC, Vanguard Group Inc., and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold BIO-TECHNE company stock in the last year include Brenda S Furlow, Charles R Kummeth, Harold J Wiens, James Hippel, Norman David Eansor, Robert V Baumgartner, and Roeland Nusse.
View insider buying and selling activity for BIO-TECHNE
.

Which major investors are buying BIO-TECHNE stock?

TECH stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Artal Group S.A., First Trust Advisors LP, Obermeyer Wood Investment Counsel Lllp, Nordea Investment Management AB, Alyeska Investment Group L.P., State of Tennessee Treasury Department, and WINTON GROUP Ltd. Company insiders that have bought BIO-TECHNE stock in the last two years include Charles R Kummeth, and Robert V Baumgartner.
View insider buying and selling activity for BIO-TECHNE
.

How do I buy shares of BIO-TECHNE?

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

What is BIO-TECHNE's stock price today?

One share of TECH stock can currently be purchased for approximately $237.70.

How big of a company is BIO-TECHNE?

BIO-TECHNE has a market capitalization of $9.16 billion and generates $738.69 million in revenue each year. The biotechnology company earns $229.30 million in net income (profit) each year or $3.86 on an earnings per share basis. BIO-TECHNE employs 2,300 workers across the globe.

What is BIO-TECHNE's official website?

The official website for BIO-TECHNE is www.bio-techne.com.

How can I contact BIO-TECHNE?

BIO-TECHNE's mailing address is 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413. The biotechnology company can be reached via phone at 612-379-8854 or via email at [email protected]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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