Heska Corp. (HSKA) Receives Consensus Rating of “Buy” from Analysts
Heska Corp. (NASDAQ:HSKA) has received an average recommendation of “Buy” from the six analysts that are covering the company. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $51.00.
Several research firms recently weighed in on HSKA. B. Riley lowered Heska Corp. to a “neutral” rating and set a $53.00 price target on the stock. in a report on Monday, September 26th. Zacks Investment Research upgraded Heska Corp. from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, July 13th. Gabelli lowered Heska Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Finally, Sidoti began coverage on Heska Corp. in a report on Friday, July 1st. They set a “buy” rating and a $49.00 price target on the stock.
Heska Corp. (NASDAQ:HSKA) traded up 0.34% during mid-day trading on Wednesday, reaching $53.62. 30,485 shares of the company traded hands. The company’s 50 day moving average price is $54.09 and its 200 day moving average price is $41.77. The firm has a market capitalization of $368.64 million, a P/E ratio of 54.33 and a beta of 0.41. Heska Corp. has a 12-month low of $26.26 and a 12-month high of $57.41.
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Heska Corp. (NASDAQ:HSKA) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.17. The business had revenue of $30 million for the quarter, compared to analysts’ expectations of $28.47 million. Heska Corp. had a return on equity of 8.75% and a net margin of 6.22%. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities research analysts predict that Heska Corp. will post $1.12 EPS for the current year.
In other Heska Corp. news, CEO Kevin S. Wilson sold 5,465 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $44.31, for a total value of $242,154.15. Following the transaction, the chief executive officer now owns 144,535 shares of the company’s stock, valued at approximately $6,404,345.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin S. Wilson sold 3,779 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $44.02, for a total value of $166,351.58. Following the completion of the transaction, the chief executive officer now directly owns 140,756 shares in the company, valued at approximately $6,196,079.12. The disclosure for this sale can be found here. 15.30% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in HSKA. California State Teachers Retirement System increased its position in shares of Heska Corp. by 6.1% in the second quarter. California State Teachers Retirement System now owns 12,790 shares of the company’s stock valued at $475,000 after buying an additional 735 shares during the period. Bank of New York Mellon Corp increased its position in shares of Heska Corp. by 229.8% in the second quarter. Bank of New York Mellon Corp now owns 79,633 shares of the company’s stock valued at $2,961,000 after buying an additional 55,486 shares during the period. ClariVest Asset Management LLC increased its position in shares of Heska Corp. by 4.8% in the second quarter. ClariVest Asset Management LLC now owns 35,187 shares of the company’s stock valued at $1,308,000 after buying an additional 1,600 shares during the period. Monarch Partners Asset Management LLC acquired a new position in shares of Heska Corp. during the second quarter valued at approximately $255,000. Finally, Strs Ohio increased its position in shares of Heska Corp. by 8.6% in the second quarter. Strs Ohio now owns 16,500 shares of the company’s stock valued at $613,000 after buying an additional 1,300 shares during the period. 68.32% of the stock is currently owned by institutional investors.
Heska Corp. Company Profile
Heska Corporation develops, manufactures, markets, sells and supports veterinary products. The Company focuses on the canine and feline companion animal health markets. Its segments include Core Companion Animal Health segment, which includes, primarily for canine and feline use, blood testing instruments and supplies, digital imaging products, software and services, and single use products and services, such as heartworm diagnostic tests, heartworm preventive products, allergy immunotherapy products and allergy testing, and Other Vaccines, Pharmaceuticals and Products segment, which includes private label vaccine and pharmaceutical production, primarily for cattle but also for other animals, including small mammals.
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