PetSmart Now Covered by Analysts at Credit Suisse (PETM)
A number of other firms have also recently commented on PETM. Analysts at Zacks downgraded shares of PetSmart from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $57.00 price target on the stock. Separately, analysts at Oppenheimer reiterated a “market perform” rating on shares of PetSmart in a research note on Monday. They now have a $54.00 price target on the stock, down previously from $58.00. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of PetSmart in a research note on Friday, May 23rd. They now have a $48.00 price target on the stock. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. PetSmart has an average rating of “Hold” and a consensus target price of $61.17.
Shares of PetSmart (NASDAQ:PETM) opened at 57.76 on Friday. PetSmart has a 1-year low of $55.00 and a 1-year high of $77.32. The stock’s 50-day moving average is $62.16 and its 200-day moving average is $66.63. The company has a market cap of $5.730 billion and a P/E ratio of 14.22.
PetSmart (NASDAQ:PETM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.98 earnings per share. PetSmart’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that PetSmart will post $4.33 earnings per share for the current fiscal year.
PetSmart, Inc supplies products, services and solutions for the lifetime needs of pets. The Company operates a website for pet supplies, foods and different animal needs.
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