Pet Valu (TSE:PET) Hits New 1-Year Low – Here’s Why

Pet Valu Holdings Ltd. (TSE:PET)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$21.18 and last traded at C$21.32, with a volume of 92105 shares trading hands. The stock had previously closed at C$21.44.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Securities cut their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Barclays dropped their target price on shares of Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Royal Bank Of Canada cut their price target on shares of Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. National Bank Financial downgraded shares of Pet Valu from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$37.00 to C$28.00 in a research report on Wednesday, March 4th. Finally, Desjardins decreased their price objective on shares of Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Pet Valu has an average rating of “Moderate Buy” and an average price target of C$31.94.

Pet Valu Stock Performance

The firm has a 50 day moving average of C$26.00 and a 200-day moving average of C$29.50. The stock has a market capitalization of C$1.47 billion, a PE ratio of 15.39 and a beta of 1.02.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, March 3rd. The company reported C$0.49 earnings per share for the quarter. The company had revenue of C$326.36 million for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. On average, sell-side analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current year.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.