Henry Schein (NASDAQ:HSIC) Upgraded by Bank of America to “Buy” Rating

Bank of America upgraded shares of Henry Schein (NASDAQ:HSIC) from an underperform rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Bank of America currently has $84.00 price objective on the stock, up from their previous price objective of $69.00.

Several other brokerages have also commented on HSIC. Barrington Research reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Henry Schein in a report on Wednesday, November 6th. Mizuho started coverage on Henry Schein in a research note on Wednesday, December 4th. They set a “neutral” rating and a $75.00 price target for the company. Evercore ISI raised their price objective on shares of Henry Schein from $70.00 to $74.00 and gave the stock an “in-line” rating in a report on Tuesday, October 8th. Finally, StockNews.com raised shares of Henry Schein from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Henry Schein has an average rating of “Moderate Buy” and a consensus price target of $79.40.

Henry Schein Trading Up 3.9 %

Henry Schein stock opened at $71.76 on Monday. Henry Schein has a one year low of $63.67 and a one year high of $82.63. The business’s fifty day moving average is $72.10 and its 200 day moving average is $70.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.42 and a quick ratio of 0.82. The stock has a market capitalization of $8.95 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89.

Henry Schein (NASDAQ:HSIC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the business posted $1.32 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts predict that Henry Schein will post 4.78 EPS for the current year.

Insider Buying and Selling at Henry Schein

In other Henry Schein news, COO Michael S. Ettinger sold 12,240 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $75.00, for a total value of $918,000.00. Following the completion of the transaction, the chief operating officer now directly owns 87,706 shares in the company, valued at $6,577,950. This represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.14% of the company’s stock.

Hedge Funds Weigh In On Henry Schein

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cromwell Holdings LLC lifted its stake in Henry Schein by 93.4% in the 3rd quarter. Cromwell Holdings LLC now owns 352 shares of the company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Henry Schein by 274.6% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the company’s stock worth $32,000 after purchasing an additional 335 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Henry Schein by 58.9% in the third quarter. Farther Finance Advisors LLC now owns 933 shares of the company’s stock worth $68,000 after buying an additional 346 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Henry Schein by 282.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,490 shares of the company’s stock valued at $109,000 after buying an additional 1,100 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Henry Schein in the 3rd quarter worth approximately $109,000. Institutional investors own 96.62% of the company’s stock.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, 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.