Covetrus (NASDAQ:CVET) Downgraded by ValuEngine

ValuEngine lowered shares of Covetrus (NASDAQ:CVET) from a buy rating to a hold rating in a research note released on Tuesday, ValuEngine reports.

A number of other research analysts also recently weighed in on the company. Cleveland Research began coverage on Covetrus in a report on Friday, May 10th. They set a hold rating on the stock. Stifel Nicolaus began coverage on Covetrus in a report on Wednesday, May 22nd. They set a hold rating and a $30.00 price target on the stock. Zacks Investment Research downgraded Covetrus from a buy rating to a hold rating in a report on Wednesday, July 17th. Finally, Guggenheim began coverage on Covetrus in a report on Thursday, May 23rd. They set a neutral rating on the stock. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Covetrus presently has an average rating of Hold and a consensus target price of $25.75.

Shares of CVET stock opened at $14.85 on Tuesday. Covetrus has a 1-year low of $12.22 and a 1-year high of $43.83. The company has a current ratio of 1.74, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $23.40.

Covetrus Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Covetrus (NASDAQ:CVET)

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