Abaxis Inc (NASDAQ:ABAX) Institutional Investor Sentiment Is 1.32

January 19, 2018 - By Vivian Currie

 Abaxis Inc (NASDAQ:ABAX) Institutional Investor Sentiment Is 1.32

Sentiment for Abaxis Inc (NASDAQ:ABAX)

Abaxis Inc (NASDAQ:ABAX) institutional sentiment increased to 1.32 in Q3 2017. Its up 0.20, from 1.12 in 2017Q2. The ratio has improved, as 62 active investment managers increased or started new holdings, while 47 cut down and sold their stock positions in Abaxis Inc. The active investment managers in our partner’s database now have: 21.83 million shares, down from 21.86 million shares in 2017Q2. Also, the number of active investment managers holding Abaxis Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 36 Increased: 44 New Position: 18.

Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. The company has market cap of $1.39 billion. It operates in two divisions, Medical Market and Veterinary Market. It has a 51.31 P/E ratio. The firm offers Piccolo chemistry analyzers with rapid blood constituent measurements for use in human patient care; and Piccolo profiles that are single-use medical reagents.

The stock increased 0.40% or $0.24 during the last trading session, reaching $61.06. About 5,206 shares traded. Abaxis, Inc. (NASDAQ:ABAX) has risen 7.18% since January 19, 2017 and is uptrending. It has underperformed by 9.52% the S&P500.

Analysts await Abaxis, Inc. (NASDAQ:ABAX) to report earnings on January, 25. They expect $0.23 EPS, down 23.33 % or $0.07 from last year’s $0.3 per share. ABAX’s profit will be $5.22 million for 66.37 P/E if the $0.23 EPS becomes a reality. After $0.29 actual EPS reported by Abaxis, Inc. for the previous quarter, Wall Street now forecasts -20.69 % negative EPS growth.

Brown Capital Management Llc holds 1.69% of its portfolio in Abaxis, Inc. for 3.10 million shares. Kayne Anderson Rudnick Investment Management Llc owns 3.50 million shares or 1.41% of their US portfolio. Moreover, Copeland Capital Management Llc has 1.01% invested in the company for 334,392 shares. The New York-based Echo Street Capital Management Llc has invested 0.69% in the stock. Ami Asset Management Corp, a California-based fund reported 182,161 shares.#img1#

Abaxis, Inc. (NASDAQ:ABAX) Ratings Coverage

Ratings analysis reveals 11% of Abaxis’s analysts are positive. Out of 9 Wall Street analysts rating Abaxis, 1 give it “Buy”, 3 “Sell” rating, while 5 recommend “Hold”. The lowest target is $39 while the high is $72.0. The stock’s average target of $49.67 is -18.65% below today’s ($61.06) share price. ABAX was included in 25 notes of analysts from July 23, 2015. The stock of Abaxis, Inc. (NASDAQ:ABAX) earned “Hold” rating by Stifel Nicolaus on Friday, January 27. The stock has “Underperform” rating by Credit Suisse on Thursday, February 4. The stock of Abaxis, Inc. (NASDAQ:ABAX) has “Hold” rating given on Monday, August 21 by Canaccord Genuity. CL King initiated the shares of ABAX in report on Friday, April 1 with “Neutral” rating. Canaccord Genuity maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Tuesday, June 13. Canaccord Genuity has “Hold” rating and $4600 target. Stifel Nicolaus maintained the shares of ABAX in report on Monday, October 23 with “Hold” rating. The company was downgraded on Wednesday, October 21 by Bank of America. Canaccord Genuity maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Friday, April 1. Canaccord Genuity has “Hold” rating and $42 target. The stock of Abaxis, Inc. (NASDAQ:ABAX) earned “Hold” rating by Canaccord Genuity on Monday, October 30. Canaccord Genuity maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Thursday, October 5. Canaccord Genuity has “Hold” rating and $46.0 target.

More recent Abaxis, Inc. (NASDAQ:ABAX) news were published by: Prnewswire.com which released: “Abaxis To Report Third Quarter Fiscal Year 2018 Financial Results On Thursday …” on January 17, 2018. Also Streetinsider.com published the news titled: “Abaxis Inc. (ABAX) PT Raised to $42 at Credit Suisse on 3Q Pre-Announcement …” on January 10, 2018. Nasdaq.com‘s news article titled: “Abaxis Inc. (ABAX) Has Jumped To A New High On Q3 Forecast” with publication date: January 09, 2018 was also an interesting one.

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