With 1.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. The 52-week range on CRL shows that it touched its highest point at $275.00 and its lowest point at $150.79 during that stretch. It currently has a 1-year price target of $174.94. Beta for the stock currently stands at 1.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRL was up-trending over the past week, with a rise of 5.36%, but this was down by -4.45% over a month. Three-month performance dropped to -13.58% while six-month performance fell -20.47%. The stock lost -33.76% in the past year, while it has lost -12.11% so far this year. A look at the trailing 12-month EPS for CRL yields 0.25 with Next year EPS estimates of 10.40. For the next quarter, that number is 2.13. This implies an EPS growth rate of -8.61% for this year and 10.29% for next year. EPS is expected to grow by 4.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -47.62%.
Float and Shares Shorts:
At present, 51.14 million CRL shares are outstanding with a float of 50.54 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRL since 9 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $10.23321 being high and $10.12296 being low. For CRL, this leads to a yearly average estimate of $10.1831. Based on analyst estimates, the high estimate for the next quarter is $2.72 and the low estimate is $2.26. The average estimate for the next quarter is thus $2.38.
