Petco Health and Wellness (NASDAQ:WOOF) Price Target Cut to $5.00 by Analysts at Morgan Stanley

Petco Health and Wellness (NASDAQ:WOOF) had its target price cut by Morgan Stanley from $6.00 to $5.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Petco Health and Wellness from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $6.00 price target on shares of Petco Health and Wellness in a research note on Friday, December 20th. Wells Fargo & Company upped their price target 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. Finally, Wedbush upped their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.16.

Petco Health and Wellness Stock Performance

Shares of WOOF stock opened at $3.87 on Tuesday. Petco Health and Wellness has a 12 month low of $1.41 and a 12 month high of $6.29. The stock has a market cap of $1.21 billion, a PE ratio of -9.68 and a beta of 1.90. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 1.40. The company’s fifty day moving average price is $4.18 and its 200-day moving average price is $3.97.

Institutional Investors Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently made changes to their positions in the business. Frank Rimerman Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Petco Health and Wellness by 253.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company’s stock valued at $51,000 after purchasing an additional 8,056 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $58,000. Sanctuary Advisors LLC purchased a new stake in shares of Petco Health and Wellness during the 3rd quarter valued at about $66,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Petco Health and Wellness during the 2nd quarter valued at about $78,000.

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.