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Covetrus Stock Price, Forecast & Analysis (NASDAQ:CVET)

$14.93
+1.45 (+10.76 %)
(As of 11/18/2019 08:56 AM ET)
Today's Range
$13.57
Now: $14.93
$14.94
50-Day Range
$8.80
MA: $10.72
$14.50
52-Week Range
$8.16
Now: $14.93
$43.83
Volume3.23 million shs
Average Volume4.08 million shs
Market Capitalization$1.67 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded on April 13, 2018 and is headquartered in Melville, NY.

Industry, Sector and Symbol

Industry Drug stores & proprietary stores
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CVET
CUSIPN/A
CIKN/A
Phone888-280-2221

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.78 billion
Book Value$11.85 per share

Profitability

Net Income$100.86 million

Miscellaneous

Employees5,000
Market Cap$1.67 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableNot Optionable

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Covetrus (NASDAQ:CVET) Frequently Asked Questions

What is Covetrus' stock symbol?

Covetrus trades on the NASDAQ under the ticker symbol "CVET."

How were Covetrus' earnings last quarter?

Covetrus Inc (NASDAQ:CVET) released its quarterly earnings data on Tuesday, November, 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $963.69 million. Covetrus had a positive return on equity of 4.26% and a negative net margin of 23.15%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. View Covetrus' Earnings History.

When is Covetrus' next earnings date?

Covetrus is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Covetrus.

What price target have analysts set for CVET?

8 brokers have issued 1-year price objectives for Covetrus' shares. Their forecasts range from $11.00 to $18.00. On average, they expect Covetrus' stock price to reach $14.00 in the next twelve months. This suggests that the stock has a possible downside of 6.2%. View Analyst Price Targets for Covetrus.

What is the consensus analysts' recommendation for Covetrus?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covetrus in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Covetrus.

Has Covetrus been receiving favorable news coverage?

Media coverage about CVET stock has trended very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Covetrus earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View News Stories for Covetrus.

Are investors shorting Covetrus?

Covetrus saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 12,290,000 shares, a decrease of 6.2% from the September 30th total of 13,100,000 shares. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 12.7% of the company's shares are sold short. View Covetrus' Current Options Chain.

Who are some of Covetrus' key competitors?

What other stocks do shareholders of Covetrus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covetrus investors own include IDEXX Laboratories (IDXX), Baidu (BIDU), Alphabet (GOOG), Kraft Heinz (KHC), Evolent Health (EVH), Nokia Oyj (NOK), Koninklijke DSM (DSM), LVMH Moet Hennessy Louis Vuitton (MC), Aimmune Therapeutics (AIMT) and bluebird bio (BLUE).

Who are Covetrus' key executives?

Covetrus' management team includes the folowing people:
  • Benjamin J. Shaw, President, Chief Executive Officer & Director
  • Christine Tomlinson Komola, Chief Financial Officer & Executive Vice President
  • Matthew Leonard, Executive VP & President-North America
  • Jim Young, Chief Human Resources Officer & Senior VP
  • Erin Powers Brennan, Secretary, Senior Vice President & General Counsel

Who are Covetrus' major shareholders?

Covetrus' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (1.41%), Great West Life Assurance Co. Can (0.87%), Alecta Pensionsforsakring Omsesidigt (0.56%), Gabelli Funds LLC (0.38%), TimesSquare Capital Management LLC (0.26%) and Rhumbline Advisers (0.21%). Company insiders that own Covetrus stock include Benjamin Shaw, Betsy S Atkins, David Christopher Dollar, Erin Powers Brennan and Timothy Ludlow. View Institutional Ownership Trends for Covetrus.

Which major investors are buying Covetrus stock?

CVET stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Great West Life Assurance Co. Can, Alecta Pensionsforsakring Omsesidigt, Gabelli Funds LLC, TimesSquare Capital Management LLC, Rhumbline Advisers, Gamco Investors INC. ET AL and California Public Employees Retirement System. Company insiders that have bought Covetrus stock in the last two years include Benjamin Shaw and Erin Powers Brennan. View Insider Buying and Selling for Covetrus.

How do I buy shares of Covetrus?

Shares of CVET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Covetrus' stock price today?

One share of CVET stock can currently be purchased for approximately $14.93.

How big of a company is Covetrus?

Covetrus has a market capitalization of $1.67 billion and generates $3.78 billion in revenue each year. Covetrus employs 5,000 workers across the globe.View Additional Information About Covetrus.

What is Covetrus' official website?

The official website for Covetrus is http://www.henryscheinvet.com/.

How can I contact Covetrus?

Covetrus' mailing address is 7 CUSTOM HOUSE STREET, PORTLAND ME, 04101. The company can be reached via phone at 888-280-2221 or via email at [email protected]


MarketBeat Community Rating for Covetrus (NASDAQ CVET)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  65 (Vote Outperform)
Underperform Votes:  103 (Vote Underperform)
Total Votes:  168
MarketBeat's community ratings are surveys of what our community members think about Covetrus and other stocks. Vote "Outperform" if you believe CVET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVET will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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