Henry Schein, Inc. (NASDAQ:HSIC).
On October 14 the company was downgraded from “” to “Neutral” with a current price target of $164.00 in an announcement from Baird. On October 11 the stock rating was upgraded to “Buy” from “” by analysts at Goldman Sachs.
On October 6, 2016 starting coverage on HSIC by announcing an initial rating of “Buy”. Equity analyst UBS began coverage with a rating of “Buy”.
Bank of America added HSIC to its research portfolio setting a rating of “Buy”.
The company is trading up since yesterday’s close of $184.18. The stock is trading at $185.75 just a bit higher than the 50 day moving average of $178.53 and marginally over the 200 day moving average of $166.50. The 50 day moving average was up $7.22 and the 200 day average went up by +11.56%.
Henry Schein, Inc., launched on December 23, 1992, is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The Company provides its services to dental practitioners and laboratories, animal health clinics and physician practices, as well as government, institutional healthcare clinics and other alternate care clinics. As of December 31, 2016, the Company operated in 33 countries, including the United States, Australia, Austria, Belgium, Brazil, Canada, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong Special Administrative Region, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, Malaysia, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, South Africa, Spain, Sweden, Switzerland, Thailand and the United Kingdom..
The P/E ratio is currently 28.23 and the market value is 14.74B. In the latest earnings report the EPS was $6.58 and is expected to be $7.28 for the current year with 79,329,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.80 and the next full year EPS is projected to be $8.05.
Short traders are feeling a little more bullish on the company if you take into consideration the change in short interest. The stock realized a fall in short interest between May 15, 2017 and May 31, 2017 of -8.08%. Short shares fell from 2,379,665 to 2,187,384 over that timeframe. With short interest at 2,187,384 and short average daily volume at 369,068, days to cover is 5.9 and the short interest percentage is 0.03% as of May 31.