Henry Schein (HSIC) Raised to “Hold” at BidaskClub

Henry Schein (NASDAQ:HSIC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray reaffirmed a “buy” rating and issued a $78.00 price target on shares of Henry Schein in a research report on Wednesday, December 27th. Barclays assumed coverage on shares of Henry Schein in a research report on Thursday, March 8th. They issued an “equal weight” rating and a $71.00 price target for the company. Leerink Swann set a $75.00 price target on shares of Henry Schein and gave the stock a “hold” rating in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of Henry Schein from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Bank of America assumed coverage on shares of Henry Schein in a research report on Tuesday, February 27th. They issued a “neutral” rating and a $76.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.31.

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Henry Schein stock opened at $68.98 on Friday. The stock has a market capitalization of $10,758.20, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 0.76. Henry Schein has a 1 year low of $62.56 and a 1 year high of $93.50.

Henry Schein (NASDAQ:HSIC) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Henry Schein had a net margin of 3.26% and a return on equity of 19.70%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. research analysts expect that Henry Schein will post 4.09 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB lifted its position in Henry Schein by 16.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 64,249 shares of the company’s stock valued at $4,490,000 after acquiring an additional 9,191 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Henry Schein by 19.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 51,745 shares of the company’s stock valued at $3,617,000 after acquiring an additional 8,281 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Henry Schein by 5.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 249,817 shares of the company’s stock valued at $17,457,000 after acquiring an additional 12,271 shares during the last quarter. We Are One Seven LLC purchased a new stake in Henry Schein during the fourth quarter valued at approximately $289,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Henry Schein by 38.8% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,100 shares of the company’s stock valued at $776,000 after acquiring an additional 3,100 shares during the last quarter. 98.18% of the stock is owned by institutional investors.

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Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners and laboratories, animal health clinics, physician practices, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.

Analyst Recommendations for Henry Schein (NASDAQ:HSIC)

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