Henry Schein’s (HSIC) Neutral Rating Reaffirmed at JPMorgan Chase & Co.
Henry Schein (NASDAQ:HSIC)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a $77.00 target price on the stock, down from their previous target price of $79.00. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 12.52% from the stock’s previous close.
Several other brokerages also recently weighed in on HSIC. Zacks Investment Research downgraded Henry Schein from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Robert W. Baird set a $95.00 target price on Henry Schein and gave the company a “buy” rating in a research note on Thursday, October 19th. Stifel Nicolaus dropped their price objective on Henry Schein from $89.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Craig Hallum raised Henry Schein from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Evercore ISI assumed coverage on Henry Schein in a research note on Thursday, January 4th. They issued an “outperform” rating and a $81.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.71.
Shares of Henry Schein (NASDAQ HSIC) traded up $1.04 during trading on Thursday, reaching $68.43. The company’s stock had a trading volume of 2,571,500 shares, compared to its average volume of 2,005,261. The company has a quick ratio of 0.86, a current ratio of 1.55 and a debt-to-equity ratio of 0.30. The company has a market cap of $10,577.16, a P/E ratio of 19.47, a P/E/G ratio of 1.73 and a beta of 1.00. Henry Schein has a 52-week low of $63.01 and a 52-week high of $93.50.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Henry Schein by 0.8% in the 4th quarter. BlackRock Inc. now owns 11,752,750 shares of the company’s stock worth $821,284,000 after acquiring an additional 95,088 shares during the last quarter. Generation Investment Management LLP grew its holdings in shares of Henry Schein by 561.1% in the 4th quarter. Generation Investment Management LLP now owns 11,026,174 shares of the company’s stock worth $770,509,000 after acquiring an additional 9,358,345 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Henry Schein by 53.0% in the 4th quarter. Mackenzie Financial Corp now owns 6,023,557 shares of the company’s stock worth $420,926,000 after acquiring an additional 2,085,324 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Henry Schein by 112.0% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,313,980 shares of the company’s stock worth $435,693,000 after acquiring an additional 2,806,990 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Henry Schein by 92.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,814,636 shares of the company’s stock worth $230,777,000 after acquiring an additional 1,349,333 shares during the last quarter. Institutional investors and hedge funds own 91.15% of the company’s stock.
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About Henry Schein
Henry Schein, Inc 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 healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
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