Brokerages Set Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) Target Price at $4.25

Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $4.25.

A number of brokerages recently commented on WOOF. Wells Fargo & Company upped their price target on shares of 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. Morgan Stanley upped their price objective on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wedbush raised their price target on Petco Health and Wellness from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued 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. Finally, StockNews.com upgraded Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

Hedge Funds Weigh In On Petco Health and Wellness

Large investors have recently made changes to their positions in the company. Choreo LLC bought a new stake in shares of Petco Health and Wellness during the second quarter valued at approximately $45,000. Frank Rimerman Advisors LLC purchased a new position in shares of Petco Health and Wellness in the 2nd quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Petco Health and Wellness by 253.7% during 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in Petco Health and Wellness in the third quarter valued at about $58,000. Finally, Sanctuary Advisors LLC purchased a new stake in Petco Health and Wellness during the 3rd quarter worth approximately $66,000.

Petco Health and Wellness Stock Performance

Shares of WOOF opened at $3.65 on Tuesday. The firm has a market cap of $1.14 billion, a PE ratio of -9.13 and a beta of 1.90. Petco Health and Wellness has a 1 year low of $1.41 and a 1 year 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. The stock’s fifty day moving average price is $4.19 and its two-hundred day moving average price is $3.96.

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.