Nomura Gives Buy Rating to Petsmart (PETM)

By admin | 6 years ago

Petsmart (NASDAQ: PETM)‘s stock had its “buy” rating reiterated by investment analysts at Nomura (NYSE: NMR) in a note issued to investors on Thursday.

Shares of Petsmart traded down 0.25% during mid-day trading on Thursday, hitting $56.58. Petsmart has a 52 week low of $37.76 and a 52 week high of $59.36. The company has a market cap of $6.218 billion and a P/E ratio of 22.24.

Petsmart last announced its earnings results on Wednesday, February 29th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.01. Petsmart ‘s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Petsmart will post $0.65 earnings per share next quarter.

A number of other firms have also recently commented on PETM. Analysts at Bank of America (NYSE: BAC) raised their price target on shares of Petsmart from $60.00 to $65.00 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Petsmart from $58.00 to $60.00 in a research note to investors on Monday, April 9th. They now have an “equal weight” rating on the stock. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Petsmart in a research note to investors on Monday, March 26th.

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

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