PetSmart Earns “” Rating from Telsey Advisory Group (PETM)
PetSmart (NASDAQ:PETM)‘s stock had its “” rating reiterated by research analysts at Telsey Advisory Group in a report released on Wednesday. They currently have a $61.00 price objective on the stock. Telsey Advisory Group’s target price suggests a potential downside of 12.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of PetSmart in a research note on Wednesday. They now have a $71.00 price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.56.
Shares of PetSmart (NASDAQ:PETM) traded up 0.72% during mid-day trading on Wednesday, hitting $70.20. 838,823 shares of the company’s stock traded hands. PetSmart has a 52-week low of $55.00 and a 52-week high of $77.32. The stock’s 50-day moving average is $68.32 and its 200-day moving average is $65.39. The company has a market cap of $6.964 billion and a price-to-earnings ratio of 17.09.
PetSmart (NASDAQ:PETM) last announced its earnings results on Tuesday, August 19th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.04. The company had revenue of $1.70 billion for the quarter. During the same quarter last year, the company posted $0.89 earnings per share. PetSmart’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that PetSmart will post $4.32 earnings per share for the current fiscal year.
PetSmart, Inc (NASDAQ:PETM) is a specialty provider of pet products and services in North America.
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