IDEXX Stock Buy Hold or Sell Recommendation

IDXX Stock  USD 450.90  0.20  0.0444%   
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding IDEXX Laboratories is 'Strong Buy'. Macroaxis provides IDEXX Laboratories buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IDXX positions. The advice algorithm takes into account all of IDEXX Laboratories' available fundamental, technical, and predictive indicators you will find on this site.
The advice is provided from IDEXX Laboratories' buy-and-hold perspective. Check out IDEXX Laboratories Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.In addition, we conduct extensive research on individual companies such as IDEXX and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards IDEXX Laboratories. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices.

Execute IDEXX Laboratories Buy or Sell Advice

The IDEXX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on IDEXX Laboratories. Macroaxis does not own or have any residual interests in IDEXX Laboratories or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute IDEXX Laboratories' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell IDEXX LaboratoriesBuy IDEXX Laboratories
Strong Buy

Market Performance




Hype Condition


Current Valuation


Odds of Distress


Economic Sensitivity


Analyst Consensus


Financial Strenth (F Score)


Financial Leverage


Reporting Quality (M-Score)

For the selected time horizon IDEXX Laboratories has a Risk Adjusted Performance of (0.022074), Jensen Alpha of (0.06), Total Risk Alpha of (0.06) and Treynor Ratio of (0.05)
Macroaxis provides investment recommendation on IDEXX Laboratories to complement and cross-verify current analyst consensus on IDEXX Laboratories. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure IDEXX Laboratories is not overpriced, please check out all IDEXX Laboratories fundamentals, including its number of shares shorted, current ratio, working capital, as well as the relationship between the ebitda and target price . Given that IDEXX Laboratories has a price to earning of 61.31 X, we strongly advise you to confirm IDEXX Laboratories market performance and probability of bankruptcy to ensure the company can sustain itself in the future given your regular risk tolerance and investing horizon.

IDEXX Laboratories Trading Alerts and Improvement Suggestions

IDEXX Laboratories generated a negative expected return over the last 90 days
IDEXX Laboratories is unlikely to experience financial distress in the next 2 years
The company currently holds 694.39 M in liabilities with Debt to Equity (D/E) ratio of 3.28, implying the company greatly relies on financing operations through barrowing. IDEXX Laboratories has a current ratio of 0.87, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist IDEXX Laboratories until it has trouble settling it off, either with new capital or with free cash flow. So, IDEXX Laboratories' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IDEXX Laboratories sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IDEXX to invest in growth at high rates of return. When we think about IDEXX Laboratories' use of debt, we should always consider it together with cash and equity.
IDEXX Laboratories has a strong financial position based on the latest SEC filings
Over 93.0% of IDEXX Laboratories shares are owned by institutional investors
Latest headline from Is Now The Time To Look At Buying IDEXX Laboratories, Inc.

IDEXX Laboratories Returns Distribution Density

The distribution of IDEXX Laboratories' historical returns is an attempt to chart the uncertainty of IDEXX Laboratories' future price movements. The chart of the probability distribution of IDEXX Laboratories stock daily returns describes the distribution of returns around its average expected value. We use IDEXX Laboratories price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of IDEXX Laboratories returns is essential to provide solid investment advice for IDEXX Laboratories.
Mean Return-0.05Value At Risk-4.05
Potential Upside2.45Standard Deviation1.78
   Return Density   
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of IDEXX Laboratories historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

IDEXX Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as IDEXX Laboratories is soaring high without any particular reason? This is usually happening because many institutional investors.are aggressively trading IDEXX Laboratories backward and forwards among themselves. IDEXX Laboratories' institutional investor refers to the entity that pools money to purchase IDEXX Laboratories' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Last TransactionTypeSharesValue
Vanguard Group Inc2023-03-31Common Shares8.2 M4.1 B
State Street Corp2023-03-31Common Shares3.7 M1.8 B
Morgan Stanley2023-03-31Common Shares935.7 K467.9 M
Principal Financial Group Inc2023-03-31Common Shares887.5 K443.8 M
Northern Trust Corp2023-03-31Common Shares880.4 K440.3 M
Select Equity Group Lp2023-03-31Common Shares697.6 K348.9 M
Legal General Group Plc2023-03-31Common Shares673.9 K337 M
Norges Bank2022-12-31Common Shares824.6 K336.4 M
Jpmorgan Chase Co2023-03-31Common Shares592.3 K296.2 M
Neuberger Berman Group Llc2023-03-31Common Shares498.5 K249.3 M
Winslow Capital Management Llc2023-03-31Common Shares476.6 K238.3 M
Note, although IDEXX Laboratories' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

IDEXX Laboratories Cash Flow Accounts

201820192020202120222023 (projected)
Capital Expenditure(115.75 M)(154.97 M)(107.63 M)(119.55 M)(158.84 M)(163.02 M)
Depreciation Amortization and Accretion83.18 M88.01 M96 M104.6 M111.9 M105.2 M
Net Cash Flow or Change in Cash and Cash Equivalents(63.88 M)(33.47 M)293.6 M(239.47 M)(31.91 M)(32.75 M)
Net Cash Flow Business Acquisitions and Disposals(29.68 M)(50.56 M)(1.5 M)(173.42 M)(11.51 M)(12.42 M)
Issuance Purchase of Equity Shares(331.12 M)(265.55 M)(131.49 M)(700.21 M)(783.96 M)(804.59 M)
Issuance Repayment of Debt Securities(256.04 M)(10.43 M)(94.65 M)20.85 M430.06 M464.02 M
Net Cash Flow from Financing(597.8 M)(286.41 M)(248.42 M)(697.41 M)(370.94 M)(400.22 M)
Net Cash Flow from Investing138.6 M(205.53 M)(109.38 M)(292.97 M)(195.35 M)(210.77 M)
Net Cash Flow Investment Acquisitions and Disposals(47.41 M)284.04 M(250 K)(25 M)(28.75 M)(29.51 M)
Net Cash Flow from Operations400.08 M459.16 M648.06 M755.55 M542.98 M519.68 M
Effect of Exchange Rate Changes on Cash(4.77 M)(689 K)3.33 M(4.64 M)(8.61 M)(8.83 M)
Share Based Compensation25.16 M39.28 M30.95 M37.76 M49.77 M53.7 M

IDEXX Laboratories Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to IDEXX Laboratories or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that IDEXX Laboratories' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IDEXX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Alpha over NYSE Composite
Beta against NYSE Composite1.17
Overall volatility
Information ratio -0.04

IDEXX Laboratories Volatility Alert

IDEXX Laboratories exhibits very low volatility with skewness of -0.71 and kurtosis of 0.9. However, we advise investors to further study IDEXX Laboratories technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure IDEXX Laboratories' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact IDEXX Laboratories' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

IDEXX Laboratories Fundamentals Vs Peers

Comparing IDEXX Laboratories' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze IDEXX Laboratories' direct or indirect competition across all of the common fundamentals between IDEXX Laboratories and the related equities. This way, we can detect undervalued stocks with similar characteristics as IDEXX Laboratories or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of IDEXX Laboratories' fundamental indicators could also be used in its relative valuation, which is a method of valuing IDEXX Laboratories by comparing valuation metrics with those of similar companies.
 Better Than Average     
 Worse Than Average Compare IDEXX Laboratories to competition
FundamentalsIDEXX LaboratoriesPeer Average
Return On Equity0.94 %(0.31) %
Return On Asset0.22 %(0.14) %
Profit Margin0.20 %(1.27) %
Operating Margin0.27 %(5.51) %
Current Valuation37.02 B16.62 B
Shares Outstanding82.9 M571.82 M
Shares Owned by Insiders0.93 %10.09 %
Shares Owned by Institutions92.79 %39.21 %
Number of Shares Shorted2.21 M4.71 M
Price to Earning61.31 X28.72 X
Price to Book74.82 X9.51 X
Price to Sales10.30 X11.42 X
Revenue3.37 B9.43 B
Gross Profit2 B27.38 B
EBITDA898.76 M3.9 B
Net Income679.09 M570.98 M
Cash and Equivalents114.36 M2.7 B
Cash per Share1.37 X5.01 X
Total Debt694.39 M5.32 B
Debt to Equity3.27 %48.70 %
Current Ratio0.89 X2.16 X
Book Value Per Share10.13 X1.93 K
Cash Flow from Operations542.98 M971.22 M
Short Ratio6.22 X4.00 X
Earnings Per Share8.23 X3.12 X
Price to Earnings To Growth7.21 X4.89 X
Target Price559.67
Number of Employees10.78 K18.84 K
Market Capitalization37.41 B19.03 B
Total Asset2.75 B29.47 B
Retained Earnings3.6 B9.33 B
Working Capital(134.33 M)1.48 B

IDEXX Laboratories Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as IDEXX . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About IDEXX Laboratories Buy or Sell Advice

When is the right time to buy or sell IDEXX Laboratories? Buying financial instruments such as IDEXX Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2020 2021 2022 2023 (projected)
Receivables331.43 M368.35 M400.62 M432.25 M
Inventories209.87 M269.03 M367.82 M396.86 M

Use Investing Ideas to Build Portfolios

In addition to having IDEXX Laboratories in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

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Shipping Containers
Shipping Containers Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipping Containers theme has 14 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipping Containers Theme or any other thematic opportunities.
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Check out IDEXX Laboratories Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running IDEXX Laboratories' price analysis, check to measure IDEXX Laboratories' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDEXX Laboratories is operating at the current time. Most of IDEXX Laboratories' value examination focuses on studying past and present price action to predict the probability of IDEXX Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEXX Laboratories' price. Additionally, you may evaluate how the addition of IDEXX Laboratories to your portfolios can decrease your overall portfolio volatility.
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Is IDEXX Laboratories' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IDEXX Laboratories. If investors know IDEXX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IDEXX Laboratories listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
The market value of IDEXX Laboratories is measured differently than its book value, which is the value of IDEXX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEXX Laboratories' value that differs from its market value or its book value, called intrinsic value, which is IDEXX Laboratories' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IDEXX Laboratories' market value can be influenced by many factors that don't directly affect IDEXX Laboratories' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IDEXX Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if IDEXX Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEXX Laboratories' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.