Petco Health and Wellness (NASDAQ:WOOF) Upgraded at StockNews.com

StockNews.com upgraded shares of Petco Health and Wellness (NASDAQ:WOOF) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Morgan Stanley dropped their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Wedbush reaffirmed an “outperform” rating and set a $6.00 price target on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company lifted their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.28.

Petco Health and Wellness Stock Performance

Shares of Petco Health and Wellness stock opened at $2.44 on Thursday. The company’s 50 day moving average price is $3.07 and its two-hundred day moving average price is $3.93. The firm has a market capitalization of $764.81 million, a P/E ratio of -6.10 and a beta of 1.92. Petco Health and Wellness has a fifty-two week low of $1.41 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22.

Institutional Investors Weigh In On Petco Health and Wellness

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Petco Health and Wellness in the fourth quarter worth $25,000. Scotia Capital Inc. acquired a new stake in Petco Health and Wellness in the fourth quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in 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 period. Blueprint Investment Partners LLC acquired a new stake in Petco Health and Wellness in the fourth quarter worth $44,000. Finally, New York State Common Retirement Fund grew its holdings in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock worth $44,000 after purchasing an additional 3,711 shares during the period.

About Petco Health and Wellness

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.