Pet Valu (TSE:PET) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PET) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$21.01 and traded as high as C$21.34. Pet Valu shares last traded at C$21.08, with a volume of 637,735 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays boosted their target price on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. National Bank Financial raised shares of Pet Valu from a “hold” rating to an “outperform” rating and raised their price target for the company from C$23.00 to C$24.00 in a research report on Monday. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a research report on Wednesday, October 7th. Royal Bank Of Canada decreased their target price on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Finally, Raymond James Financial lowered Pet Valu from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pet Valu currently has a consensus rating of “Buy” and a consensus price target of C$25.00.

Pet Valu Trading Up 2.3%

The business has a fifty day moving average of C$18.72 and a two-hundred day moving average of C$20.93. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 15.20 and a beta of 1.16.

Pet Valu (TSE:PET) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.41 EPS for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The business had revenue of C$290.68 million for the quarter. On average, research analysts forecast that Pet Valu Holdings Ltd. will post 1.68 EPS for the current fiscal year.

About Pet Valu

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.