Petco Health and Wellness Analysts Update Ratings
Posted on March 8, 2025, Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) is currently under analysis by eleven brokerages, which have collectively assigned the stock an average rating of ‘Hold’. This rating comes as one analyst has issued a sell rating, six analysts categorized it as hold, and four brokers have recommended it as a buy.
Average Price Target
The average price target for Petco Health and Wellness shares is set at $4.16, according to ratings compiled over the past year. Among the latest adjustments, Morgan Stanley revised its target from $6.00 to $5.00, maintaining an ‘equal weight’ rating.
Analyst Revisions
On February 16, StockNews.com downgraded Petco from a ‘buy’ to a ‘hold’. In contrast, Wells Fargo & Company raised their target from $3.00 to $5.00, also issuing an ‘equal weight’ rating. Wedbush and Royal Bank of Canada reaffirmed an ‘outperform’ rating while setting their target at $6.00.
Stock Performance
As of Wednesday, Petco stock opened at $2.58. The company has witnessed a market cap of $808.70 million and currently holds a PE ratio of -6.45, with a beta of 1.88. Its 50-day moving average price is $3.40, while the 200-day moving average stands at $3.96. The shares have fluctuated between a one-year low of $1.41 and a high of $6.29.
Institutional Investors’ Activity
Institutional investors have been active in modifying their holdings in Petco Health and Wellness. Notably, the New York State Common Retirement Fund increased its stake by 47.6% recently, acquiring additional shares. Point72 Asia Singapore also reported a 41.0% increase.
Company Overview
Petco Health and Wellness operates extensively in the health and wellness sector for pets in the United States, Mexico, and Puerto Rico. The company focuses on various services including veterinary care, grooming, and pet health insurance among others.
Comments are closed