Citigroup Issues Pessimistic Forecast for Petco Health and Wellness (NASDAQ:WOOF) Stock Price

Petco Health and Wellness (NASDAQ:WOOF) had its price target reduced by research analysts at Citigroup from $5.00 to $2.75 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 12.70% from the stock’s previous close.

Several other brokerages have also issued reports on WOOF. Wedbush reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Petco Health and Wellness in a research note on Wednesday, February 19th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their price target on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price objective on shares of Petco Health and Wellness in a report on Friday, December 20th. Finally, Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Petco Health and Wellness has a consensus rating of “Hold” and an average price target of $4.28.

Petco Health and Wellness Trading Up 1.2 %

Shares of WOOF stock opened at $2.44 on Tuesday. Petco Health and Wellness has a 52-week low of $1.41 and a 52-week high of $6.29. The stock has a market cap of $764.81 million, a price-to-earnings ratio of -6.10 and a beta of 1.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. The firm has a fifty day moving average of $3.13 and a 200-day moving average of $3.94.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in Petco Health and Wellness in the 4th quarter valued at about $25,000. Scotia Capital Inc. bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $41,000. New York State Common Retirement Fund lifted its position in Petco Health and Wellness by 47.6% in the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after purchasing an additional 3,711 shares during the last quarter. Blueprint Investment Partners LLC bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $44,000. Finally, Quantinno Capital Management LP bought a new stake in Petco Health and Wellness in the fourth quarter valued at approximately $45,000.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.