VCA Inc. (WOOF) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of VCA Inc. (NASDAQ:WOOF) from a hold rating to a buy rating in a report issued on Friday morning. Zacks Investment Research currently has $77.00 target price on the stock.
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 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. Bank of America Corp. reissued a buy rating on shares of VCA in a report on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $71.00.
VCA (NASDAQ:WOOF) traded up 0.29% on Friday, reaching $70.18. 147,705 shares of the company’s stock traded hands. The firm’s 50-day moving average is $70.40 and its 200 day moving average is $65.77. The firm has a market cap of $5.68 billion, a PE ratio of 25.04 and a beta of 1.23. VCA has a 12 month low of $44.00 and a 12 month high of $73.69.
VCA (NASDAQ:WOOF) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.05. VCA had a return on equity of 16.86% and a net margin of 9.93%. The company earned $653.50 million during the quarter, compared to analyst estimates of $637.18 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. VCA’s revenue was up 19.1% on a year-over-year basis. Equities analysts predict that VCA will post $2.93 EPS for the current year.
In other VCA news, COO Arthur J. Antin sold 34,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $69.03, for a total value of $2,347,020.00. Following the completion of the sale, the chief operating officer now owns 89,691 shares of the company’s stock, valued at $6,191,369.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Chickering, Jr. sold 2,302 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,992 shares of the company’s stock, valued at approximately $778,783.20. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of WOOF. World Asset Management Inc raised its stake in shares of VCA by 0.5% in the second quarter. World Asset Management Inc now owns 3,946 shares of the company’s stock valued at $267,000 after buying an additional 19 shares in the last quarter. Montag & Caldwell LLC raised its stake in shares of VCA by 0.3% in the second quarter. Montag & Caldwell LLC now owns 14,885 shares of the company’s stock valued at $1,006,000 after buying an additional 50 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of VCA by 0.6% in the second quarter. State Treasurer State of Michigan now owns 32,400 shares of the company’s stock valued at $2,191,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC raised its stake in shares of VCA by 2.2% in the second quarter. Profund Advisors LLC now owns 9,851 shares of the company’s stock valued at $666,000 after buying an additional 210 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of VCA by 3.7% in the second quarter. First Citizens Bank & Trust Co. now owns 7,972 shares of the company’s stock valued at $539,000 after buying an additional 283 shares in the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.
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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