VCA Inc. (WOOF) Downgraded to “Market Perform” at William Blair
VCA Inc. (NASDAQ:WOOF) was downgraded by equities researchers at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday.
A number of other brokerages have also commented on WOOF. Credit Suisse Group lowered VCA from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $93.00 in a research report on Wednesday. Raymond James Financial, Inc. lowered VCA from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday. Zacks Investment Research raised VCA from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Friday, September 30th. Bank of America Corporation reiterated a “buy” rating on shares of VCA in a research note on Thursday, September 29th. Finally, Benchmark Co. began coverage on VCA in a research note on Monday, October 24th. They set a “buy” rating and a $90.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.17.
VCA (NASDAQ:WOOF) traded down 0.017% on Monday, hitting $90.815. The stock had a trading volume of 3,302,833 shares. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 31.955 and a beta of 1.04. The company has a 50-day moving average price of $65.80 and a 200-day moving average price of $67.64. VCA has a 52 week low of $44.00 and a 52 week high of $90.96.
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VCA (NASDAQ:WOOF) last issued its earnings results on Wednesday, October 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.02. VCA had a net margin of 9.64% and a return on equity of 16.47%. The firm earned $659.90 million during the quarter, compared to the consensus estimate of $667.13 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Equities research analysts anticipate that VCA will post $2.91 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in shares of VCA by 4.6% in the third quarter. D.A. Davidson & CO. now owns 4,235 shares of the company’s stock worth $296,000 after buying an additional 188 shares during the last quarter. Brinker Capital Inc. purchased a new position in VCA during the third quarter valued at approximately $205,000. Ameritas Investment Partners Inc. increased its position in VCA by 90.7% in the third quarter. Ameritas Investment Partners Inc. now owns 24,369 shares of the company’s stock valued at $1,705,000 after buying an additional 11,590 shares during the last quarter. Pioneer Investment Management Inc. increased its position in VCA by 4.4% in the third quarter. Pioneer Investment Management Inc. now owns 111,151 shares of the company’s stock valued at $7,778,000 after buying an additional 4,718 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in VCA by 118.5% in the third quarter. Verition Fund Management LLC now owns 15,602 shares of the company’s stock valued at $1,092,000 after buying an additional 8,460 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.
VCA Company Profile
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.
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