Chewy (NYSE:CHWY) Coverage Initiated by Analysts at Nomura
Investment analysts at Nomura assumed coverage on shares of Chewy (NYSE:CHWY) in a report issued on Tuesday, MarketBeat reports. The firm set a “neutral” rating and a $36.00 price target on the stock. Nomura’s price objective indicates a potential upside of 7.85% from the company’s previous close.
A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Pinduoduo in a report on Tuesday. They set an “underweight” rating and a $20.48 price target for the company. Wedbush began coverage on shares of Chewy in a report on Thursday, June 20th. They set a “neutral” rating for the company. Morgan Stanley cut their price target on shares of Virtus Investment Partners from $121.00 to $118.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group began coverage on shares of Chewy in a report on Tuesday. They set a “buy” rating and a $42.00 price target for the company. Finally, William Blair began coverage on shares of Chewy in a report on Tuesday. They set an “outperform” rating for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Chewy presently has a consensus rating of “Hold” and a consensus target price of $37.44.
Shares of NYSE CHWY traded up $0.17 during midday trading on Tuesday, reaching $33.38. 1,592,164 shares of the stock were exchanged, compared to its average volume of 4,823,988. Chewy has a twelve month low of $30.78 and a twelve month high of $41.34.
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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