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Jefferies Boosts Price Target on VCA Antech (WOOF)

April 27, 2012 10:04 AM EDT
Get Alerts WOOF Hot Sheet
Price: $2.28 +4.11%

Rating Summary:
    10 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Jefferies analysts raised their price target on VCA Antech (NASDAQ: WOOF) from $20 to $26, while maintaining their HOLD rating.

WOOF reported better than expected numbers this week, but analysts at Jefferies think improvements here are already baked into the stock. The $26 price target is derived using WOOF's 4-year avg. EV/EBITDA multiple of 8.5x.

In a company note, a Jefferies analyst said, “We believe a guidance raise and an increase in WOOF's implied growth rate is necessary for the stock to break out of its $20-$25 trading range.”

For an analyst ratings summary and ratings history on VCA Antech click here. For more ratings news on VCA Antech click here.

Shares of VCA Antech closed at $23.34 yesterday.


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