MWI Veterinary Supply Upgraded to Overweight at Piper Jaffray (MWIV)
MWI Veterinary Supply (NASDAQ:MWIV) was upgraded by stock analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $188.00 price objective on the stock, up from their previous price objective of $160.00. Piper Jaffray’s target price would suggest a potential upside of 16.64% from the stock’s previous close.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of MWI Veterinary Supply in a research note to investors on Friday, December 6th. They now have a $184.00 price target on the stock.
MWI Veterinary Supply (NASDAQ:MWIV) opened at 161.18 on Friday. MWI Veterinary Supply has a one year low of $114.60 and a one year high of $188.40. The stock’s 50-day moving average is $176.9 and its 200-day moving average is $161.0. The company has a market cap of $2.071 billion and a price-to-earnings ratio of 33.05.
MWI Veterinary Supply (NASDAQ:MWIV) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. The company had revenue of $687.30 million for the quarter, compared to the consensus estimate of $693.21 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Analysts expect that MWI Veterinary Supply will post $5.62 EPS for the current fiscal year.
MWI Veterinary Supply, Inc (NASDAQ:MWIV) is a distributor animal health products to veterinarians across the United States and United Kingdom.
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