NASDAQ:CVET

Covetrus Stock Forecast, Price & News

$26.35
+1.11 (+4.40 %)
(As of 06/21/2021 03:03 PM ET)
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Today's Range
$24.70
$26.43
50-Day Range
$25.24
$30.86
52-Week Range
$16.97
$40.78
Volume20,007 shs
Average Volume752,341 shs
Market Capitalization$3.60 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.05
30 days | 90 days | 365 days | Advanced Chart
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Covetrus logo

About Covetrus

Covetrus, Inc., together with its subsidiaries, operates as an animal-health technology and services company. It engages in the sale of animal-health consumable products, including proprietary and Covetrus branded products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, parasiticides, and vitamins and supplements to wholesale and retail customers. The company also offers value-added solutions that include, inventory management and e-commerce, as well as continuing education services for practitioners. In addition, it provides practice management software systems for veterinary practitioners and animal-health clinics, client communication services, reminders, data backup services, and hardware sales and support services. Further, the company engages in the distribution of finished goods pharmacy and specialty pharmaceutical compounding products, as well as shipping, manufacturer incentives, service fees, and data integration and support services. It serves animal-health and veterinary practices, and clinics in the companion-animal and equine markets primarily in North America, Europe, and the Asia Pacific. The company was formerly known as HS Spinco, Inc. Covetrus, Inc. was incorporated in 2018 and is headquartered in Portland, Maine.

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MarketRank

Overall MarketRank

1.80 out of 5 stars

Computer And Technology Sector

194th out of 1,590 stocks

Drug Stores & Proprietary Stores Industry

3rd out of 14 stocks

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Covetrus (NASDAQ:CVET) Frequently Asked Questions

Is Covetrus a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covetrus in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Covetrus stock.
View analyst ratings for Covetrus
or view top-rated stocks.

What stocks does MarketBeat like better than Covetrus?

Wall Street analysts have given Covetrus a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Covetrus wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Covetrus' next earnings date?

Covetrus is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Covetrus
.

How were Covetrus' earnings last quarter?

Covetrus, Inc. (NASDAQ:CVET) announced its earnings results on Sunday, February, 28th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Covetrus had a positive trailing twelve-month return on equity of 6.38% and a negative net margin of 0.02%. The company's revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS.
View Covetrus' earnings history
.

How has Covetrus' stock been impacted by COVID-19 (Coronavirus)?

Covetrus' stock was trading at $9.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVET shares have increased by 191.4% and is now trading at $26.34.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for CVET?

4 brokers have issued 1-year price objectives for Covetrus' shares. Their forecasts range from $20.00 to $48.00. On average, they anticipate Covetrus' stock price to reach $33.25 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
View analysts' price targets for Covetrus
or view top-rated stocks among Wall Street analysts.

Who are Covetrus' key executives?

Covetrus' management team includes the following people:
  • Mr. Benjamin Wolin, CEO, Pres & Director (Age 45, Pay $1.99M)
  • Mr. Matthew J. Foulston, Exec. VP & CFO (Age 56, Pay $862.93k)
  • Mr. Dustin k. Finer, Chief Admin. Officer (Age 51, Pay $981.22k)
  • Mr. Michael Ellis, Exec. VP & Pres of Europe (Age 62, Pay $1.32M)
  • Ms. Georgina Wraight, Exec. VP & Pres of Global Technology Solutions (Age 46, Pay $1M)
  • Ms. Laura J. Phillips, VP, Chief Accounting Officer & Global Controller (Age 51)
  • Mr. Steve Palmucci, Global Chief Information Officer
  • Mr. Nicholas Michael Jansen, VP of Investor Relations
  • Ms. Jamey S. Seely, Gen. Counsel & Corp. Sec. (Age 49)
  • Kini Schoop, Director of PR

What is Benjamin Wolin's approval rating as Covetrus' CEO?

25 employees have rated Covetrus CEO Benjamin Wolin on Glassdoor.com. Benjamin Wolin has an approval rating of 89% among Covetrus' employees.

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), Advanced Micro Devices (AMD), AT&T (T), Activision Blizzard (ATVI), The Boeing (BA), Chegg (CHGG), Enphase Energy (ENPH), Enterprise Products Partners (EPD) and Livongo Health (LVGO).

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 investors include BlackRock Inc. (12.40%), Morgan Stanley (8.18%), Price T Rowe Associates Inc. MD (5.57%), JPMorgan Chase & Co. (2.85%), Dimensional Fund Advisors LP (1.56%) and Clearbridge Investments LLC (1.41%). Company insiders that own Covetrus stock include Anthony C Jr Providenti, Benjamin Shaw, Benjamin Wolin, David Stuart Hinton, Dustin Finer, Edward Mcnamara, Erin Powers Brennan, Georgina Wraight, Michael Ellis and Timothy Ludlow.
View institutional ownership trends for Covetrus
.

Which institutional investors are selling Covetrus stock?

CVET stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Dimensional Fund Advisors LP, Clearbridge Investments LLC, Nuveen Asset Management LLC, Millennium Management LLC, Private Management Group Inc., Nordea Investment Management AB, and Cubist Systematic Strategies LLC. Company insiders that have sold Covetrus company stock in the last year include Anthony C Jr Providenti, Benjamin Wolin, David Stuart Hinton, Dustin Finer, Edward Mcnamara, Georgina Wraight, Michael Ellis, and Timothy Ludlow.
View insider buying and selling activity for Covetrus
or view top insider-selling stocks.

Which institutional investors are buying Covetrus stock?

CVET stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Lord Abbett & CO. LLC, JPMorgan Chase & Co., Allianz Asset Management GmbH, Jennison Associates LLC, Northern Trust Corp, Goldman Sachs Group Inc., and Morgan Stanley. 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Covetrus' stock price today?

One share of CVET stock can currently be purchased for approximately $26.34.

How much money does Covetrus make?

Covetrus has a market capitalization of $3.60 billion and generates $4.34 billion in revenue each year. The company earns $-19,000,000.00 in net income (profit) each year or $0.59 on an earnings per share basis.

How many employees does Covetrus have?

Covetrus employs 5,657 workers across the globe.

What is Covetrus' official website?

The official website for Covetrus is www.henryscheinvet.com.

Where are Covetrus' headquarters?

Covetrus is headquartered at 7 CUSTOM HOUSE STREET, PORTLAND ME, 04101.

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 6/21/2021 by MarketBeat.com Staff
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