NASDAQ:CVET

Covetrus Price Target, Predictions & Analyst Ratings

$16.79

-0.27 (-1.58%)

(As of 12/3/2021 12:00 AM ET)

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Today's Range: $16.62
▼
$17.14
50-Day Range: $16.79
▼
$20.31
52-Week Range: $16.62
▼
$40.78

Volume: 767,049 shs
Average Volume: 1.25 million shs
Market Capitalization: $2.31 billion

P/E Ratio: N/A
Dividend Yield: N/A
Beta: 2.1

Covetrus (NASDAQ:CVET) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Buy
Based on 5 Analyst Ratings

Analyst Price Target Consensus

$28.60
70.34% Upside

High PT	$38.00
Average PT	$28.60
Low PT	$19.00

Type	Current 12/5/20 to 12/5/21	1 Month Ago 11/5/20 to 11/5/21	3 Months Ago 9/6/20 to 9/6/21	1 Year Ago 12/6/19 to 12/5/20
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$28.60	$31.00	$32.00	$25.67
Price Target Upside	70.34% Upside	36.43% Upside	42.62% Upside	5.61% Upside

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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Covetrus (NASDAQ:CVET) vs. Its Competitors

Type	Covetrus	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.60	2.62	2.56
Consensus Rating	Buy	Buy	Buy
Price Target Upside	70.34% Upside	61.60% Upside	13.88% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News
MarketBeat Community Rating	Outperform Votes 115 57.79% Underperform Votes 84 42.21%	Avg. Outperform Votes 238 68.00% Avg. Underperform Votes 112 32.00%	Avg. Outperform Votes 834 69.44% Avg. Underperform Votes 367 30.56%

Covetrus (NASDAQ:CVET) Analyst Ratings History

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2021	Morgan Stanley		Initiated Coverage	Equal Weight	$19.00	+2.15%
11/5/2021	Raymond James		Lower Price Target	Outperform	$37.00 ➝ $27.00	+31.07%
8/9/2021	Barclays		Lower Price Target	Overweight	$46.00 ➝ $38.00	+68.14%
8/5/2021	Credit Suisse Group		Initiated Coverage	Neutral	$29.00	+34.32%
7/12/2021	Guggenheim		Upgrade	Neutral ➝ Buy	$30.00	+14.94%
9/16/2020	Stifel Nicolaus		Upgrade	Hold ➝ Buy	$23.00 ➝ $26.00	+32.32%
9/9/2019	The Goldman Sachs Group		Initiated Coverage	Sell	$11.00	-17.66%
5/10/2019	Cleveland Research	Rob Eich	Initiated Coverage	Hold
3/20/2019	SVB Leerink	D. Larsen	Reiterated Rating	Outperform
2/12/2019	William Blair	J. Kreger	Initiated Coverage	Outperform ➝ Outperform

(Data available from 12/5/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Covetrus (NASDAQ:CVET) Analyst Ratings Frequently Asked Questions

What is Covetrus's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Covetrus stock is Buy based on the current 2 hold ratings and 3 buy ratings for CVET. The average twelve-month price target for Covetrus is $28.60 with a high price target of $38.00 and a low price target of $19.00. Learn more on CVET's analyst rating history
Do Wall Street analysts like Covetrus more than its competitors?: Analysts like Covetrus stock less than the stock of other Computer and Technology companies. The consensus rating score for Covetrus is 2.60 while the average consensus rating score for computer and technology companies is 2.62. Learn more on how CVET compares to other companies
Do MarketBeat users like Covetrus more than its competitors?: MarketBeat users like Covetrus stock less than the stock of other Computer and Technology companies. 57.79% of MarketBeat users gave Covetrus an outperform vote while computer and technology companies recieve an average of 68.00% outperform votes by MarketBeat users.

Does Covetrus's stock price have much upside?: According to analysts, Covetrus's stock has a predicted upside of 30.61% based on their 12-month price targets.
What analysts cover Covetrus?: Covetrus has been rated by Morgan Stanley, and Raymond James in the past 90 days.

This page was last updated on 12/5/2021 by MarketBeat.com Staff

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Covetrus Price Target, Predictions & Analyst Ratings

Covetrus (NASDAQ:CVET) Price Target and Consensus Rating