Mixed Reactions from Analysts
Seven analysts have expressed a variety of opinions on Petco Health and Wellness WOOF over the past quarter, offering perspectives ranging from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 2 | 0 | 0 |
Insights from analysts’ 12-month price targets reveal an average target of $4.36, a high estimate of $5.50, and a low estimate of $3.00, suggesting a positive shift with the current average rising by 10.1% from the previous average price target of $3.96.
Detailed Analyst Breakdown
The current standing of Petco Health and Wellness is reflected in the recent actions by analysts. Below is a summary of key analysts, their latest evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Zachary Fadem | Wells Fargo | Raises | Equal-Weight | $5.00 | $3.00 |
| Seth Basham | Wedbush | Raises | Outperform | $5.50 | $5.00 |
| Steven Zaccone | Citigroup | Raises | Neutral | $4.50 | $4.00 |
| Kate McShane | Goldman Sachs | Lowers | Buy | $4.00 | $5.00 |
| Steven Shemesh | RBC Capital | Raises | Outperform | $3.50 | $3.00 |
| Zachary Fadem | Wells Fargo | Raises | Equal-Weight | $3.00 | $2.75 |
| Seth Basham | Wedbush | Maintains | Outperform | $5.00 | $5.00 |
Key Insights:
- Action Taken: Analysts are responding to market dynamics and company performance, either ‘Maintaining’, ‘Raising’, or ‘Lowering’ their recommendations based on Petco Health and Wellness’s recent developments.
- Rating: Evaluate how analysts assess the company, from ‘Outperform’ to ‘Underperform’.
- Price Targets: These targets indicate future expectations for the value of Petco Health and Wellness’s stock.
Stay informed about Petco Health and Wellness’s market performance by considering these evaluations alongside key financial indicators.
Understanding Petco Health and Wellness
Petco Health and Wellness Co Inc is committed to enhancing the wellbeing of pets and pet owners, with over 1,423 pet care centers offering a wide range of products and services. The company generates revenue through sales of pet-related goods and services.
Financial Overview
The market capitalization of Petco Health and Wellness shows challenges relative to industry averages. The company faces hurdles with a revenue decline of approximately -0.46% and a net margin of -1.63%.
Despite these challenges, the company demonstrates effective use of equity capital with a robust Return on Equity (ROE) of -2.16%.
It also faces challenges related to debt management, reflected in a high debt-to-equity ratio of 2.64.
Decoding Analyst Ratings
Analyst ratings, derived from thorough analysis and research, provide insights on the performance of stocks. These evaluations are essential to understanding market sentiment and potential investments.
For additional insights into analyst ratings, explore Benzinga Edge for updates on analyst upgrades and downgrades.
© 2024 Benzinga.com. This content has been generated by Benzinga’s automated system and reviewed by an editor.
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