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UBS AG initiated coverage on shares of MWI Veterinary Supply (NASDAQ:MWIV) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $168.00 price target on the stock. UBS AG’s price objective would suggest a potential upside of 21.83% from the company’s current price. The analysts noted that the move was a valuation call.

MWI Veterinary Supply (NASDAQ:MWIV) traded up 5.17% on Wednesday, hitting $137.90. 257,795 shares of the company’s stock traded hands. MWI Veterinary Supply has a 1-year low of $115.28 and a 1-year high of $188.40. The stock’s 50-day moving average is $152.0 and its 200-day moving average is $164.5. The company has a market cap of $1.773 billion and a P/E ratio of 25.22.

MWI Veterinary Supply (NASDAQ:MWIV) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.37 by $0.05. The company had revenue of $721.30 million for the quarter, compared to the consensus estimate of $717.90 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts expect that MWI Veterinary Supply will post $5.58 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of MWI Veterinary Supply in a research note on Friday, February 28th. They now have a $169.00 price target on the stock. Analysts at Ned Davis Research downgraded shares of MWI Veterinary Supply from a “buy” rating to a “neutral” rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $175.00.

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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