Royal Bank of Canada Issues Pessimistic Forecast for Petco Health and Wellness (NASDAQ:WOOF) Stock Price

Petco Health and Wellness (NASDAQ:WOOF) had its price target cut by investment analysts at Royal Bank of Canada from $6.00 to $4.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 35.14% from the company’s current price.

WOOF has been the subject of a number of other reports. Robert W. Baird decreased their price target on Petco Health and Wellness from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday. Wedbush decreased their target price on shares of Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup dropped their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. StockNews.com raised shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company upped their target price on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus target price of $3.85.

Petco Health and Wellness Trading Down 7.8 %

Petco Health and Wellness stock opened at $2.96 on Thursday. 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 firm has a 50-day moving average of $2.97 and a 200-day moving average of $3.91. The company has a market cap of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92. Petco Health and Wellness has a one year low of $1.41 and a one year high of $6.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new stake in Petco Health and Wellness during the fourth quarter worth approximately $25,000. Scotia Capital Inc. bought a new position in shares of Petco Health and Wellness during the fourth quarter worth approximately $41,000. New York State Common Retirement Fund increased its stake in shares of 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 worth $44,000 after purchasing an additional 3,711 shares during the period. Blueprint Investment Partners LLC acquired a new stake in Petco Health and Wellness during the 4th quarter worth approximately $44,000. Finally, Quantinno Capital Management LP bought a new stake in Petco Health and Wellness in the 4th quarter valued at $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.