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A number of stock research firms have changed their ratings and price targets for PetSmart (NASDAQ: PETM) during the last seven days:

  • PetSmart had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $71.00 price target on the stock. They wrote, “Modestly better earnings, maintained guidance, performance enhancement plans and the exploration of strategic alternatives should lift the stock tomorrow and keep a floor underneath it in the near term.”
  • PetSmart had its “” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $61.00 price target on the stock.
  • PetSmart had its “overweight” rating reaffirmed by analysts at Barclays. They now have a $75.00 price target on the stock, up previously from $63.00.
  • PetSmart had its price target raised by analysts at Goldman Sachs to $68.00.

PetSmart, Inc. (NASDAQ:PETM) opened at 70.50 on Tuesday. PetSmart, Inc. has a 52 week low of $55.00 and a 52 week high of $77.32. The stock’s 50-day moving average is $69.23 and its 200-day moving average is $65.61. The company has a market cap of $6.995 billion and a price-to-earnings ratio of 16.76.

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. Analysts expect that PetSmart, Inc. will post $4.34 EPS 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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