Royal Bank of Canada Reiterates Outperform Rating for Petco Health and Wellness (NASDAQ:WOOF)

Petco Health and Wellness (NASDAQ:WOOF)‘s stock had its “outperform” rating reissued by Royal Bank of Canada in a research note issued to investors on Friday,Benzinga reports. They presently have a $6.00 price objective on the stock. Royal Bank of Canada’s price target points to a potential upside of 51.52% from the company’s previous close.

Several other research firms have also issued reports on WOOF. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Citigroup upped their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Morgan Stanley raised their target price on Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Petco Health and Wellness from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.25.

Petco Health and Wellness Stock Up 0.8 %

Petco Health and Wellness stock opened at $3.96 on Friday. The firm has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $3.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -9.90 and a beta of 1.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Caprock Group LLC bought a new stake in shares of Petco Health and Wellness during the second quarter worth about $44,000. Choreo LLC acquired a new position in Petco Health and Wellness during the 2nd quarter valued at about $45,000. Frank Rimerman Advisors LLC bought a new stake in Petco Health and Wellness during the 2nd quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock worth $51,000 after purchasing an additional 8,056 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Petco Health and Wellness in the second quarter worth approximately $52,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.