Nomura Reaffirms Buy Rating on 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 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 $6.914 billion and a P/E ratio of 24.67.

Petsmart last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.12. Petsmart ‘s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Petsmart will post $0.60 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Petsmart to $67.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Petsmart from $64.00 to $67.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of Petsmart from $54.00 to $62.00 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.

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