Covance (NYSE: CVD) is one of 11 publicly-traded companies in the “Biotechnology & Medical Research – NEC” industry, but how does it weigh in compared to its rivals? We will compare Covance to related businesses based on the strength of its earnings, institutional ownership, dividends, profitability, risk, valuation and analyst recommendations.
This table compares Covance and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a summary of recent recommendations and price targets for Covance and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Biotechnology & Medical Research – NEC” companies have a potential upside of 231.07%. Given Covance’s rivals higher probable upside, analysts plainly believe Covance has less favorable growth aspects than its rivals.
Earnings & Valuation
This table compares Covance and its rivals top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Covance Competitors||$3.18 million||-$38.43 million||-28.38|
Covance’s rivals have higher revenue, but lower earnings than Covance. Covance is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Institutional and Insider Ownership
28.1% of shares of all “Biotechnology & Medical Research – NEC” companies are owned by institutional investors. 21.9% of shares of all “Biotechnology & Medical Research – NEC” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Covance Inc. is engaged in drug development services. The Company provides a range of early-stage and late-stage product development services to the pharmaceutical and biotechnology industries. The Company also provides laboratory testing services to the chemical, agrochemical and food industries. The Company operates in two segments: early development services, and late-stage development services. The early development services include lead optimization services, preclinical services and clinical pharmacology services. The late-stage development services include central laboratory, Phase II-IV clinical development, and market access services.
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