Covetrus Inc (CVET) Stock: Do Analysts Think You Should Accumulate?

Monday, September 19, 2022 01:36 PM | InvestorsObserver Analysts

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Covetrus Inc (CVET) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow Covetrus Inc (CVET) on average expect it to increase 2.07% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Covetrus Inc an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating CVET a Hold today. Find out what this means to you and get the rest of the rankings on CVET!

See Full CVET Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Covetrus Inc Stock Today?

Covetrus Inc (CVET) stock is trading at $20.90 as of 1:35 PM on Monday, Sep 19, an increase of $0.01, or 0.02% from the previous closing price of $20.89. Volume today is low. So far 468,835 shares have traded compared to average volume of 929,294 shares. The stock has traded between $20.88 and $20.92 so far today. Click Here to get the full Stock Report for Covetrus Inc stock.