According to Bloomberg Ratings, the stock of Henry Schein, Inc. (NASDAQ: HSIC), which eleven different rating agencies cover, has received an average “hold” rating from those agencies. Bloomberg Ratings obtained this information by analyzing the ratings provided by those eleven agencies. Four equity research experts have given the stock a buy recommendation, four equity research experts have given the stock a hold recommendation, and one equity research analyst has given the stock a sell suggestion. No additional ratings have been provided for the stock by any other analysts. According to the recommendations of brokers who rated the stock the year before, it is anticipated that the company will reach an average target price of $84.44 within the next 12 months. This is the price that is expected to be reached.
In recent analyst reports, the topic of HSIC has received the majority of attention. In a report distributed on September 26, Piper Sandler downgraded Henry Schein from “overweight” to “equal weight” and decreased their price objective for the company from $96.00 to $85.00. Both of these changes were made. StockNews.com gave Henry Schein a “buy” rating in a report published on January 10, and the website also suggested that investors purchase shares of the company. Morgan Stanley categorized the company as “underweight” and decreased their target price for Henry Schein from $72.00 to $70.00 in a research report published on Wednesday, December 21. The report was distributed to the public. The price had previously been set at $72.00. William Blair reaffirmed their “market perform” recommendation for investors in Henry Schein stock in a research note published on November 1.
NASDAQ: HSIC began trading on Tuesday with an opening price of $80.37 per share. The company has a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.15, and a beta coefficient of 0.82, all of which contribute to its market capitalization of $10.89 billion. The price of Henry Schein may range anywhere from $64.75 to $92.68 over a single year. The