Trade-Ideas LLC identified IDEXX Laboratories ( IDXX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified IDEXX Laboratories as such a stock due to the following factors:

  • IDXX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.9 million.
  • IDXX has traded 3,633 shares today.
  • IDXX is trading at a new lifetime high.

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More details on IDXX:

IDEXX Laboratories, Inc., together with its subsidiaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets worldwide. IDXX has a PE ratio of 45. Currently there are 3 analysts that rate IDEXX Laboratories a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for IDEXX Laboratories has been 832,000 shares per day over the past 30 days. IDEXX has a market cap of $8.3 billion and is part of the health care sector and drugs industry. The stock has a beta of 0.44 and a short float of 5.1% with 7.73 days to cover. Shares are up 28% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates IDEXX Laboratories as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • IDXX's revenue growth has slightly outpaced the industry average of 6.9%. Since the same quarter one year prior, revenues slightly increased by 9.2%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 39.37% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • Net operating cash flow has significantly increased by 258.60% to $23.23 million when compared to the same quarter last year. In addition, IDEXX LABS INC has also vastly surpassed the industry average cash flow growth rate of -16.64%.
  • IDEXX LABS INC's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, IDEXX LABS INC increased its bottom line by earning $2.05 versus $1.78 in the prior year. This year, the market expects an improvement in earnings ($2.21 versus $2.05).
  • The gross profit margin for IDEXX LABS INC is rather high; currently it is at 58.93%. Regardless of IDXX's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of 11.02% trails the industry average.

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