IDEXX Laboratories Stock Outlook: Is Wall Street Bullish or Bearish?

Valued at a market cap of $34.2 billion, IDEXX Laboratories, Inc. (IDXX) develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets. The Westbrook, Maine-based company also sells a series of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.

Shares of this pet healthcare company have significantly underperformed the broader market over the past 52 weeks. IDXX has declined 10.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31.3%. Moreover, on a YTD basis, the stock is down 22.8%, compared to SPX’s 25.5% gain.