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NASDAQ:CVETCovetrus Stock Price, Forecast & News

$22.67
-0.58 (-2.49 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$22.35
Now: $22.67
$23.32
50-Day Range
$17.38
MA: $20.43
$23.67
52-Week Range
$4.05
Now: $22.67
$25.00
Volume955,844 shs
Average Volume1.61 million shs
Market Capitalization$2.56 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.85
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: 1.0Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.05 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$10.59 per share
Book Value$11.20 per share

Profitability

Net Income$-1,019,000,000.00

Miscellaneous

Employees5,500
Market Cap$2.56 billion
Next Earnings Date11/10/2020 (Estimated)
OptionableNot Optionable
$22.67
-0.58 (-2.49 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Covetrus (NASDAQ:CVET) Frequently Asked Questions

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

Covetrus' stock was trading at $9.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVET shares have increased by 150.8% and is now trading at $22.67.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Covetrus?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covetrus in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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 earnings results on Tuesday, August, 11th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.19. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $892.90 million. Covetrus had a positive return on equity of 4.84% and a negative net margin of 24.05%. The company's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share.
View Covetrus' earnings history
.

What price target have analysts set for CVET?

4 analysts have issued 12-month target prices for Covetrus' stock. Their forecasts range from $11.00 to $26.00. On average, they expect Covetrus' share price to reach $18.50 in the next twelve months. This suggests that the stock has a possible downside of 18.4%.
View analysts' price targets for Covetrus
.

Has Covetrus been receiving favorable news coverage?

Media headlines about CVET stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Covetrus earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the next several days.
View the latest news about Covetrus
.

Are investors shorting Covetrus?

Covetrus saw a increase in short interest in January. As of January 31st, there was short interest totaling 17,740,000 shares, an increase of 18.5% from the January 15th total of 14,970,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is presently 11.0 days. Approximately 18.2% of the shares of the company are short sold.
View Covetrus' Short Interest
.

Who are some of Covetrus' key competitors?

What other stocks do shareholders of Covetrus own?

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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.08%), Kovitz Investment Group Partners LLC (1.39%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.30%), FMR LLC (1.12%), Goldman Sachs Group Inc. (1.08%) and Bank of New York Mellon Corp (1.03%). 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 institutional 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., Kovitz Investment Group Partners LLC, UBS Group AG, Vanguard Group Inc., and State Board of Administration of Florida Retirement System. 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 institutional investors are buying Covetrus stock?

CVET stock was bought by a variety of institutional investors in the last quarter, including Parian Global Management LP, Goldman Sachs Group Inc., Bank of New York Mellon Corp, SG Americas Securities LLC, Grantham Mayo Van Otterloo & Co. LLC, FMR LLC, Tuttle Tactical Management, and American International Group Inc.. 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 $22.67.

How big of a company is Covetrus?

Covetrus has a market capitalization of $2.56 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 8/15/2020 by MarketBeat.com Staff

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