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NASDAQ:CVET

Covetrus Stock Forecast, Price & News

$21.46
+0.05 (+0.23 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$21.19
Now: $21.46
$21.67
50-Day Range
$19.41
MA: $22.22
$24.01
52-Week Range
$4.05
Now: $21.46
$25.21
Volume1.61 million shs
Average Volume1.56 million shs
Market Capitalization$2.42 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.72
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.87 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.98 billion
Cash Flow$11.86 per share
Book Value$11.20 per share

Profitability

Net Income$-1,019,000,000.00

Miscellaneous

Employees5,500
Market Cap$2.42 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableNot Optionable
$21.46
+0.05 (+0.23 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Covetrus (NASDAQ:CVET) Frequently Asked Questions

How has Covetrus' stock price been impacted by Coronavirus?

Covetrus' stock was trading at $9.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CVET stock has increased by 137.4% and is now trading at $21.46.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Covetrus?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covetrus in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Covetrus
.

When is Covetrus' next earnings date?

Covetrus is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
View our earnings forecast for Covetrus
.

How were Covetrus' earnings last quarter?

Covetrus Inc (NASDAQ:CVET) issued its quarterly earnings data on Tuesday, August, 11th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.19. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $892.90 million. Covetrus had a negative net margin of 22.40% and a positive return on equity of 7.03%. Covetrus's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS.
View Covetrus' earnings history
.

What price target have analysts set for CVET?

3 Wall Street analysts have issued 1 year price objectives for Covetrus' stock. Their forecasts range from $14.00 to $26.00. On average, they expect Covetrus' share price to reach $22.00 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
View analysts' price targets for Covetrus
.

Are investors shorting Covetrus?

Covetrus saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 8,820,000 shares, a drop of 14.9% from the July 30th total of 10,360,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is presently 6.2 days. Currently, 9.0% of the company's stock are sold short.
View Covetrus' Short Interest
.

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 Pfizer (PFE), NVIDIA (NVDA), AT&T (T), Advanced Micro Devices (AMD), Activision Blizzard (ATVI), QUALCOMM (QCOM), Taiwan Semiconductor Mfg. (TSM), Boeing (BA), B&G Foods (BGS) and Chegg (CHGG).

Who are Covetrus' key executives?

Covetrus' management team includes the following 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

What is Covetrus' stock symbol?

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

Who are Covetrus' major shareholders?

Covetrus' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.08%), Kovitz Investment Group Partners LLC (1.39%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.30%), Charles Schwab Investment Management Inc. (1.14%), FMR LLC (1.12%) and FMR LLC (1.12%). Company insiders that own Covetrus stock include Benjamin Shaw, Betsy S Atkins, David Christopher Dollar, Edward Mcnamara, Erin Powers Brennan and Timothy Ludlow.
View institutional ownership trends for Covetrus
.

Which major investors are selling Covetrus stock?

CVET stock was sold by a variety of institutional investors in the last quarter, including BNP PARIBAS ASSET MANAGEMENT Holding S.A., Point72 Asset Management L.P., Prudential Financial Inc., Russell Investments Group Ltd., Great West Life Assurance Co. Can, Kovitz Investment Group Partners LLC, CNH Partners LLC, and UBS Group AG. Company insiders that have sold Covetrus company stock in the last year include Edward Mcnamara, and Timothy Ludlow.
View insider buying and selling activity for Covetrus
.

Which major investors are buying Covetrus stock?

CVET stock was bought by a variety of institutional investors in the last quarter, including Parian Global Management LP, Nuveen Asset Management LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Bank of New York Mellon Corp, SG Americas Securities LLC, Engineers Gate Manager LP, and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have bought Covetrus stock in the last two years include Benjamin Shaw, and Erin Powers Brennan.
View insider buying and selling activity 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 $21.46.

How big of a company is Covetrus?

Covetrus has a market capitalization of $2.42 billion and generates $3.98 billion in revenue each year. The company earns $-1,019,000,000.00 in net income (profit) each year or $0.79 on an earnings per share basis. Covetrus employs 5,500 workers across the globe.

What is Covetrus' official website?

The official website for Covetrus is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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