Barclays Capital Gives Equalweight Rating to Petsmart (PETM)

By admin | 6 years ago

Petsmart (NASDAQ: PETM)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Wednesday.

Shares of Petsmart opened at 62.92 on Wednesday. Petsmart has a one year low of $37.76 and a one year high of $63.19. The company has a market cap of $6.854 billion and a P/E ratio of 22.58.

Petsmart last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Petsmart will post $0.61 earnings per share next quarter.

PETM has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Petsmart from $64.00 to $70.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Petsmart from $65.00 to $68.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Petsmart in a research note to investors on Wednesday.

PetSmart, Inc. (PetSmart) is a specialty provider of products, services and solutions for the lifetime needs of pets.

About the author