Stifel upgrade lifts Covetrus; target price raised to $26 [Seeking Alpha]
Covetrus, Inc. (CVET)
Last covetrus, inc. earnings: 3/3 04:05 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
Healthcare|On the MoveStifel upgrade lifts Covetrus; target price raised to $26Sep. 16, 2020 1:55 PM ETCovetrus, Inc. (CVET)Vandana SinghStifel has upgraded Covetrus (+12.9%The analyst notes that 2022 EBITDA estimate of $273MM is already above consensus $259MM, as the analysts bifurcates Covetrus’ supply chain and prescription management businesses, suggests that the Street’s 2022 estimate may be $40MM too low.After taking into account prescription management sales growth, the analyst believes the division’s 2022 EBITDA can total $90MM+ up from $2MM in 2019.Prescription management business recently turned the corner on EBITDA and for the past two quarters has posted incremental EBITDA margin in the 25% range.Q2 earningsFor the supply chain business, with share stabilization, +mid single digit EBITDA growth is anticipated.The analyst views Covetrus as a 'unique asset', and the prescription management platform may drive the potential mid-teens 2019-2022 EBITDA CAGR, well above other di
Show less
Read more
Impact Snapshot
Event Time:
CVET
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CVET alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CVET alerts
High impacting Covetrus, Inc. news events
Weekly update
A roundup of the hottest topics