Canaccord Genuity Reiterates a 'Hold' on Abaxis Inc. (ABAX); Misses on Top and Bottom Lines; Lowering Estimates & PT

Canaccord Genuity reiterates a 'Hold' on Abaxis Inc. (NASDAQ: ABAX) price target lowered from $30 to $27.

Analyst, Jeffrey Frelick, said, "We lowered our 2012 EPS estimates to $0.53 from $0.59 and 2013E EPS to $0.82 from $0.85 due to lower gov’t orders and European headwinds. We also lowered our VetScan growth in 2013E from 20% to 17%."

For an analyst ratings summary and ratings history on Abaxis Inc. click here. For more ratings news on Abaxis Inc. click here.

Shares of Abaxis Inc. closed at $29.12 yesterday, with a 52 week range of $19.68-$31.69.

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