VCA Inc. (WOOF) Earns “Buy” Rating from Bank of America Corp.
VCA Inc. (NASDAQ:WOOF)‘s stock had its “buy” rating reissued by analysts at Bank of America Corp. in a research report issued to clients and investors on Thursday.
A number of other brokerages have also commented on WOOF. Jefferies Group started coverage on VCA in a report on Wednesday, June 8th. They set a “hold” rating for the company. Zacks Investment Research lowered VCA from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. VCA presently has an average rating of “Buy” and a consensus target price of $71.00.
VCA (NASDAQ:WOOF) traded up 1.67% during mid-day trading on Thursday, reaching $69.98. The company had a trading volume of 711,707 shares. VCA has a one year low of $44.00 and a one year high of $73.69. The company’s 50-day moving average is $70.47 and its 200-day moving average is $65.67. The stock has a market capitalization of $5.66 billion, a PE ratio of 24.97 and a beta of 1.30.
VCA (NASDAQ:WOOF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.05. VCA had a return on equity of 16.86% and a net margin of 9.93%. The business had revenue of $653.50 million for the quarter, compared to the consensus estimate of $637.18 million. During the same period in the prior year, the business earned $0.70 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts anticipate that VCA will post $2.93 earnings per share for the current year.
In other VCA news, COO Arthur J. Antin sold 34,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.03, for a total transaction of $2,347,020.00. Following the sale, the chief operating officer now owns 89,691 shares in the company, valued at $6,191,369.73. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Chickering, Jr. sold 2,302 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $70.85, for a total value of $163,096.70. Following the sale, the director now owns 10,992 shares in the company, valued at approximately $778,783.20. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new stake in VCA during the first quarter valued at about $104,000. Walleye Trading LLC increased its stake in VCA by 312.0% in the second quarter. Walleye Trading LLC now owns 2,052 shares of the company’s stock valued at $139,000 after buying an additional 1,554 shares in the last quarter. Creative Planning increased its stake in VCA by 43.5% in the second quarter. Creative Planning now owns 2,554 shares of the company’s stock valued at $173,000 after buying an additional 774 shares in the last quarter. Bessemer Group Inc. increased its stake in VCA by 58.1% in the second quarter. Bessemer Group Inc. now owns 3,004 shares of the company’s stock valued at $203,000 after buying an additional 1,104 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in VCA during the second quarter valued at about $208,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.
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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