Jefferies Cuts Price Target on VCA Antech (WOOF) Following 3Q Miss

October 27, 2016 9:22 AM EDT
Get Alerts WOOF Hot Sheet
Price: $63.01 +0.43%

Rating Summary:
    9 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Jefferies maintained a Hold rating on VCA Antech (NASDAQ: WOOF), and cut the price target to $60.00 (from $69.00), following the company's 3Q earnings report. WOOF reported below-consensus results with EPS of $0.79 coming in 2c short, and revenues of $657MM at $12MM below expectations. However, Jefferies continues to believe that the company's operating fundamentals remain strong.

Analyst Brian Tanquilut commented, "Our Hold rating on WOOF has been predicated on our view that the stock's valuation was rich and that investor expectations for both 2015 and 2016 have been elevated. That said, we believe company fundamentals remain strong and that volume trends are actually robust (SSS of ~+5.5% in both lab and hospital segments) and should remain healthy (both price & volume-driven) as long as the US consumer market holds up."

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 $63.20 yesterday.



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