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Do Analysts Expect Luminex Corporation (LMNX) Stock to Rise Next Year?

Monday, July 06, 2020 01:09 PM | InvestorsObserver Analysts

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Do Analysts Expect Luminex Corporation (LMNX) Stock to Rise Next Year?

Wall Street is neutral on Luminex Corporation (LMNX). On average, analysts give LMNX a Sell rating. The average price target is $29, which means analysts expect the stock to fall by -13.64% over the next twelve months.

That average ranking earns LMNX an Analyst Rating of 2, which is better than 2% of stocks based on data compiled by InvestorsObserver.

Overall Score - 2.3
Wall Street analysts are rating LMNX a Sell today. Find out what this means to you and get the rest of the rankings on LMNX!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Luminex Corporation Stock Today?

Luminex Corporation (LMNX) stock is trading at $33.58 as of 1:04 PM on Monday, Jul 6, a gain of $0.74, or 2.25% from the previous closing price of $32.84. The stock has traded between $32.63 and $33.79 so far today. Volume today is below average. So far 216,823 shares have traded compared to average volume of 708,602 shares.

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