Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $4.00 by Analysts at Royal Bank of Canada

Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) had its price objective reduced by stock analysts at Royal Bank of Canada from $6.00 to $4.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 30.93% from the stock's current price.

WOOF has been the topic of a number of other reports. Morgan Stanley dropped their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Robert W. Baird cut their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday. StockNews.com raised Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Citigroup dropped their target price on Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Finally, Wells Fargo & Company raised their price objective 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness currently has a consensus rating of "Hold" and an average target price of $3.85.

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Petco Health and Wellness Stock Up 3.2 %

NASDAQ:WOOF traded up $0.10 on Thursday, hitting $3.06. The stock had a trading volume of 2,816,294 shares, compared to its average volume of 4,554,405. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness has a 52 week low of $1.41 and a 52 week high of $6.29. The business's fifty day moving average is $2.97 and its 200 day moving average is $3.92. The company has a market cap of $957.58 million, a PE ratio of -7.64 and a beta of 1.92.

Institutional Trading of Petco Health and Wellness

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth approximately $25,000. Scotia Capital Inc. purchased a new stake in Petco Health and Wellness in the fourth quarter worth $41,000. 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 valued at $51,000 after buying an additional 8,056 shares during the period. Blueprint Investment Partners LLC purchased a new position in shares of Petco Health and Wellness during the 4th quarter valued at $44,000. Finally, New York State Common Retirement Fund grew its stake in shares of Petco Health and Wellness by 47.6% during the 4th quarter. New York State Common Retirement Fund now owns 11,508 shares of the company's stock worth $44,000 after acquiring an additional 3,711 shares during the period.

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.