Piper Jaffray Lowers MWI Veterinary Supply Price Target to $166.00 (MWIV)
Research analysts at Piper Jaffray decreased their price objective on shares of MWI Veterinary Supply (NASDAQ:MWIV) from $175.00 to $166.00 in a report released on Friday. Piper Jaffray’s price target would suggest a potential upside of 16.10% from the company’s current price.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of MWI Veterinary Supply in a research note on Friday, May 30th. They now have a $146.00 price target on the stock.
Shares of MWI Veterinary Supply (NASDAQ:MWIV) traded up 1.22% during mid-day trading on Friday, hitting $142.98. The stock had a trading volume of 107,962 shares. MWI Veterinary Supply has a 52-week low of $129.75 and a 52-week high of $188.40. The stock has a 50-day moving average of $143.2 and a 200-day moving average of $153.6. The company has a market cap of $1.839 billion and a price-to-earnings ratio of 27.17.
MWI Veterinary Supply (NASDAQ:MWIV) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. The company had revenue of $778.40 million for the quarter, compared to the consensus estimate of $762.40 million. During the same quarter last year, the company posted $1.32 earnings per share. MWI Veterinary Supply’s revenue was up 28.4% compared to the same quarter last year. On average, analysts predict that MWI Veterinary Supply will post $5.60 earnings per share 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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