Investment analysts at Piper Jaffray Companies began coverage on shares of Heska (NASDAQ:HSKA) in a report issued on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $68.00 price target on the medical research company’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 4.80% from the company’s current price.
A number of other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Heska from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. BidaskClub raised shares of Heska from a “sell” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity reduced their target price on shares of Heska from $95.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Guggenheim started coverage on shares of Heska in a report on Thursday, May 23rd. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Heska has an average rating of “Hold” and an average target price of $85.25.
Shares of NASDAQ:HSKA opened at $71.43 on Wednesday. The company has a 50-day simple moving average of $72.22 and a 200-day simple moving average of $77.45. Heska has a one year low of $62.47 and a one year high of $114.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.05 and a current ratio of 3.93. The stock has a market capitalization of $538.90 million, a price-to-earnings ratio of 50.30 and a beta of 1.07.
Large investors have recently made changes to their positions in the company. Granite Investment Partners LLC acquired a new position in shares of Heska during the first quarter worth about $13,897,000. Grandeur Peak Global Advisors LLC acquired a new position in shares of Heska during the second quarter worth about $6,362,000. Nine Ten Capital Management LLC acquired a new position in shares of Heska during the second quarter worth about $3,728,000. Nuveen Asset Management LLC acquired a new position in shares of Heska during the second quarter worth about $3,221,000. Finally, Redmile Group LLC increased its stake in shares of Heska by 14.3% during the first quarter. Redmile Group LLC now owns 226,013 shares of the medical research company’s stock worth $19,238,000 after acquiring an additional 28,300 shares during the period. 89.02% of the stock is owned by institutional investors and hedge funds.
Heska Company Profile
Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Europe, and internationally. The company's Core Companion Animal segment offers Element DC and DRI-CHEM 7000 veterinary chemistry analyzers for blood chemistry and electrolyte analysis; Element HT5 and HemaTrue veterinary hematology analyzers to measure blood cell and platelet count, and hemoglobin levels; Element POC blood gas and electrolyte analyzers; Element i immunodiagnostic analyzers; Element COAG veterinary analyzers; and IV infusion pumps.
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