VCA Inc (NASDAQ:WOOF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “VCA Inc. is a national animal healthcare company operating primarily in the United States and Canada. It owns, operates and manages veterinary hospitals and veterinary-exclusive clinical laboratories in the country, supplies diagnostic imaging equipment and other medical technology products and related services to the veterinary industry, and provides various communication, professional education and marketing solutions to the veterinary community. VCA Inc., formerly known as VCA Antech, Inc., is headquartered in Los Angeles, California. “
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group AG downgraded VCA from an “outperform” rating to a “neutral” rating and raised their price target for the company from $76.00 to $93.00 in a report on Wednesday, January 11th. William Blair downgraded VCA from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. Jefferies Group LLC reissued a “hold” rating and set a $93.00 target price on shares of VCA in a report on Friday, March 17th. Raymond James Financial, Inc. raised VCA from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $74.00 to $80.00 in a report on Tuesday, January 3rd. Finally, Benchmark Co. downgraded VCA from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. VCA presently has a consensus rating of “Hold” and an average price target of $84.67.
Shares of VCA (NASDAQ:WOOF) traded up 0.14% on Friday, reaching $91.63. 634,311 shares of the company were exchanged. VCA has a 12 month low of $59.51 and a 12 month high of $91.96. The stock has a market capitalization of $7.44 billion, a P/E ratio of 35.79 and a beta of 1.03. The stock has a 50 day moving average price of $91.43 and a 200-day moving average price of $78.74.
VCA (NASDAQ:WOOF) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. VCA had a net margin of 8.31% and a return on equity of 16.03%. The business had revenue of $643.10 million for the quarter, compared to analyst estimates of $642.28 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities analysts expect that VCA will post $3.27 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its position in VCA by 558.6% in the fourth quarter. Marshall Wace LLP now owns 1,241,291 shares of the company’s stock worth $85,214,000 after buying an additional 1,052,831 shares during the period. Congress Asset Management Co. MA bought a new position in VCA during the fourth quarter worth approximately $52,493,000. Columbia Wanger Asset Management LLC increased its position in VCA by 356.2% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 893,802 shares of the company’s stock worth $61,360,000 after buying an additional 697,862 shares during the period. Norges Bank bought a new position in VCA during the fourth quarter worth approximately $39,039,000. Finally, Viking Global Investors LP bought a new position in VCA during the fourth quarter worth approximately $37,473,000. 86.95% of the stock is owned by institutional investors and hedge funds.
VCA Inc is an animal healthcare company operating in the United States and Canada. The Company operates through five segments: animal hospitals (Animal Hospital), veterinary diagnostic laboratories (Laboratory), veterinary medical technology (Medical Technology), Vetstreet and Camp Bow Wow Franchising, Inc (Camp Bow Wow).
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