Petco Health and Wellness (NASDAQ:WOOF) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Petco Health and Wellness (NASDAQ:WOOF) had its price target hoisted by investment analysts at The Goldman Sachs Group from $4.00 to $4.48 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 51.35% from the company’s current price.

Several other brokerages have also commented on WOOF. Morgan Stanley decreased their price objective on shares of Petco Health and Wellness from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Wedbush lowered their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada cut their price objective on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Petco Health and Wellness currently has an average rating of “Hold” and an average target price of $3.85.

Petco Health and Wellness Stock Down 7.8 %

Petco Health and Wellness stock opened at $2.96 on Thursday. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29. The business has a fifty day moving average price of $2.97 and a 200-day moving average price of $3.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.22. The stock has a market capitalization of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WOOF. Aster Capital Management DIFC Ltd acquired a new stake in shares of Petco Health and Wellness during the 4th quarter worth approximately $25,000. Scotia Capital Inc. purchased a new stake in Petco Health and Wellness during the fourth quarter worth $41,000. New York State Common Retirement Fund grew its position in Petco Health and Wellness by 47.6% during the fourth quarter. New York State Common Retirement Fund now owns 11,508 shares of the company’s stock valued at $44,000 after buying an additional 3,711 shares during the period. Blueprint Investment Partners LLC acquired a new position in shares of Petco Health and Wellness in the fourth quarter worth about $44,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Petco Health and Wellness during the 4th quarter worth about $45,000.

About Petco Health and Wellness

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.