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PetSmart (NASDAQ:PETM) has received a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Analyst Ratings.Net reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $61.72.

Shares of PetSmart (NASDAQ:PETM) opened at 68.56 on Tuesday. PetSmart has a one year low of $55.00 and a one year high of $77.32. The stock has a 50-day moving average of $67.07 and a 200-day moving average of $65.17. The company has a market cap of $6.802 billion and a P/E ratio of 16.81. PetSmart also was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 11,877,023 shares, a drop of 16.9% from the July 15th total of 14,289,181 shares. Approximately 12.1% of the shares of the company are short sold. Based on an average trading volume of 1,418,501 shares, the short-interest ratio is presently 8.4 days.

PetSmart (NASDAQ:PETM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that PetSmart will post $4.32 earnings per share for the current fiscal year.

PETM has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of PetSmart from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $70.20 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of PetSmart in a research note on Thursday, July 17th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at RBC Capital downgraded shares of PetSmart from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 17th. They now have a $66.00 price target on the stock.

PetSmart, Inc (NASDAQ:PETM) is a specialty provider of pet products and services in North America.

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