Covetrus (CVET) Downgraded by Zacks Investment Research to Sell

Covetrus stock has undergone multiple analysts rating changes in the recent past.  Covetrus Downgraded by Zacks Investment Research on 10/13/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Covetrus traded up $0.90 on Wednesday, reaching $19.43. 720400 shares of the stock traded hands, compared to its average volume of 726452. Shares of Covetrus were trading at $19.43 on Wednesday. The firm’s 50 day moving average is $21.02 and its 200 day moving average is $27.84.Covetrus has a 12 month low of $18.26 and a 12 month high of $40.78. While on yearly highs and lows, Covetrus’s today has traded high as $19.58 and has touched $18.26 on the downward trend. See More Analyst Rating at: RATING

Covetrus Earnings and What to expect: 

Covetrus last announced its quarterly earnings data on August 5th, 2021. The reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.17 by $0.51. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Covetrus has generated $0.59 earnings per share over the last year (($0.71) diluted earnings per share). Earnings for Covetrus are expected to grow by 27.14% in the coming year, from $0.70 to $0.89 per share. Covetrus has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, November 9th, 2021 based off prior year’s report dates.

Earnings for Covetrus are expected to grow by 27.14% in the coming year, from $0.70 to $0.89 per share. The P/E ratio of Covetrus is -27.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Covetrus is -27.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Covetrus has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Covetrus (CVET) Moving Average Technical Analysis

5 day Moving Average is $19.09 And 5 day price change is $1.20 (6.58%)  with average volume for 5 day average is 764,060. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $19.05 and 20 day price change is -$0.24 (-1.22%) and average 20 day moving volume is 735,400. 50 day moving average is $21.02  and 50 day price change is -$5.26 ( -21.30%)  and with average volume for 50 days is : 734,482. 200 day moving average is $27.84  and 200 day price change is -$11.55 (-37.28%)  and with average volume for 200 days is : 716,927.

Other owners latest trading in Covetrus :

  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 49,700 which equates to market value of $0.90M and appx 0.00% owners of Covetrus
  • On 10/12/2021 shares held by Hennessy Advisors Inc. were 82,500 which equates to market value of $1.50M and appx 0.10% owners of Covetrus
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 75,291 which equates to market value of $1.37M and appx 0.00% owners of Covetrus
  • In total Institutional ownership equates to Institutional Ownership Percentage: 94.28% for Covetrus

See More Analyst Rating at: RATING