PetSmart Price Target Raised to $68.00 (PETM)
Research analysts at Goldman Sachs hoisted their price target on shares of PetSmart (NASDAQ:PETM) to $68.00 in a report released on Thursday. Goldman Sachs’ price objective would indicate a potential downside of 3.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of PetSmart in a research note on Thursday. They now have a $75.00 price target on the stock, up previously from $63.00. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of PetSmart in a research note on Wednesday. They now have a $61.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $64.02.
PetSmart (NASDAQ:PETM) traded down 1.18% on Thursday, hitting $69.69. 563,386 shares of the company’s stock traded hands. PetSmart has a one year low of $55.00 and a one year high of $77.32. The stock’s 50-day moving average is $68.84 and its 200-day moving average is $65.44. The company has a market cap of $6.914 billion and a P/E ratio of 17.29. PetSmart also was the target of some unusual options trading activity on Wednesday. Stock traders purchased 7,782 put options on the stock. This represents an increase of approximately 542% compared to the average volume of 1,213 put options.
PetSmart (NASDAQ:PETM) last released its earnings data on Tuesday, August 19th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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 $4.40 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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