Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $5.00 and last traded at $4.93, with a volume of 3510194 shares. The stock had previously closed at $4.65. Analyst Ratings Changes Several analysts have recently weighed in on WOOF shares. Wedbush restated an “outperform” rating and set a $5.00 price objective on shares of Petco Health and Wellness in a research report on Wednesday, September 11th. Royal Bank of Canada upped their price objective on shares of Petco Health and Wellness from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Citigroup lifted their target price on Petco Health and Wellness from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company boosted their target price on Petco Health and Wellness from $2.75 to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of Petco Health and Wellness in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.45.
Petco Health and Wellness Company (WOOF) is facing financial challenges. The company’s financial health is reflected in its debt-to-equity ratio, current ratio, and quick ratio. These ratios indicate a potential liquidity crisis.
This increase in holdings suggests a positive outlook on the Petco’s future prospects. On the other hand, hedge fund manager, Millennium Management, decreased its stake in Petco by 0.5% during the same period. This reduction in holdings suggests a less optimistic view of the company’s future prospects.
About Petco Health and Wellness (Get Free Report) 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. Featured Articles Receive News & Ratings for Petco Health and Wellness Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Petco Health and Wellness and related companies with MarketBeat.com’s FREE daily email newsletter.
