Nomura Securities Reiterates a 'Buy' on PetSmart (PETM); Q4 Preview
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Price: $82.98 --0%
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reiterates a 'Buy' on PetSmart (NASDAQ: PETM) price target of $62.00.
Analyst, Aram Rubinson, said, "As outlined in our Feb 7 preview, we believe there is potential upside to our model (although we are already ahead of consensus). What’s more, we are encouraged by PETM’s ability to continue outperforming over time. Current Street projections for F2012 embed very little in the way of operational progress at PETM. To the extent that PETM sees upside in Q4/2011, the operational growth embedded in F2012 estimates would be even lower. Our model calls for Q4 earnings of $0.95 vs the Street at $0.89. For F2012, we project $3.25 vs the Street at $3.01
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $53.81 yesterday.
Analyst, Aram Rubinson, said, "As outlined in our Feb 7 preview, we believe there is potential upside to our model (although we are already ahead of consensus). What’s more, we are encouraged by PETM’s ability to continue outperforming over time. Current Street projections for F2012 embed very little in the way of operational progress at PETM. To the extent that PETM sees upside in Q4/2011, the operational growth embedded in F2012 estimates would be even lower. Our model calls for Q4 earnings of $0.95 vs the Street at $0.89. For F2012, we project $3.25 vs the Street at $3.01
For an analyst ratings summary and ratings history on PetSmart click here. For more ratings news on PetSmart click here.
Shares of PetSmart closed at $53.81 yesterday.
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