Covetrus, Inc is a health information services business based in the US. Covetrus shares (CVET.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $27.24 – an increase of 6.95% over the previous week. Covetrus employs 5,100 staff and has a trailing 12-month revenue of around $4.2 billion.
Since the stock market crash in March caused by coronavirus, Covetrus's share price has had significant positive movement.
Its last market close was $27.24, which is 55.95% up on its pre-crash value of $12 and 573.42% up on the lowest point reached during the March crash when the shares fell as low as $4.045.
If you had bought $1,000 worth of Covetrus shares at the start of February 2020, those shares would have been worth $485.34 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,132.35.
|Latest market close||$27.24|
|52-week range||$4.045 - $31.93|
|50-day moving average||$27.272|
|200-day moving average||$23.4149|
|Wall St. target price||$24.75|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.3|
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-01-15)||-26.14%|
|1 month (2020-12-23)||-13.48%|
|3 months (2020-10-23)||0.89%|
|6 months (2020-07-23)||31.28%|
|1 year (2020-01-23)||84.30%|
Valuing Covetrus stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Covetrus's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Covetrus's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 41x. In other words, Covetrus shares trade at around 41x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Covetrus's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.6415. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Covetrus's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Covetrus's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$105 million.
The EBITDA is a measure of a Covetrus's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$4.2 billion|
|Gross profit TTM||USD$749 million|
|Return on assets TTM||-1.12%|
|Return on equity TTM||-3.57%|
|Market capitalisation||USD$4.3 billion|
TTM: trailing 12 months
There are currently 6.5 million Covetrus shares held short by investors – that's known as Covetrus's "short interest". This figure is 5.1% down from 6.8 million last month.
There are a few different ways that this level of interest in shorting Covetrus shares can be evaluated.
Covetrus's "short interest ratio" (SIR) is the quantity of Covetrus shares currently shorted divided by the average quantity of Covetrus shares traded daily (recently around 826228.06122449). Covetrus's SIR currently stands at 7.84. In other words for every 100,000 Covetrus shares traded daily on the market, roughly 7840 shares are currently held short.
However Covetrus's short interest can also be evaluated against the total number of Covetrus shares, or, against the total number of tradable Covetrus shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Covetrus's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Covetrus shares in existence, roughly 50 shares are currently held short) or 0.0521% of the tradable shares (for every 100,000 tradable Covetrus shares, roughly 52 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Covetrus.
Find out more about how you can short Covetrus stock.
We're not expecting Covetrus to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Covetrus, Inc., together with its subsidiaries, operates as an animal-health technology and services company. It engages in the sale of animal-health consumable products, including proprietary and Covetrus branded products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products, and vitamins and supplements to wholesale and retail customers. The company also offers value-added practice solutions that include financial services, equipment repair, inventory management, and e-commerce, as well as continuing education services for practitioners. In addition, it provides practice management software systems for veterinary practitioners and animal-health clinics, client communication services, reminders, data backup services, and hardware sales and support services. Further, the company engages in the distribution of finished goods pharmacy and specialty pharmaceutical compounding products, as well as e-commerce, shipping, manufacturer incentives, service fees, and data integration and support services. It serves animal-health and veterinary practices, and clinics in the companion-animal and equine markets primarily in North America, Europe, and the Asia Pacific. The company, formerly known as HS Spinco, Inc., was incorporated in 2018 and is headquartered in Portland, Maine.
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