Brokerages Set Pet Valu Holdings Ltd. (TSE:PET) PT at C$24.89

Shares of Pet Valu Holdings Ltd. (TSE:PET) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$24.89.

A number of equities research analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. TD Securities upgraded shares of Pet Valu to a “strong-buy” rating in a report on Thursday, May 21st. Royal Bank Of Canada lowered their price objective on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Desjardins dropped their price objective on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, National Bank Financial increased their target price on Pet Valu from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th.

Pet Valu Price Performance

TSE:PET opened at C$18.64 on Friday. The firm has a market cap of C$1.25 billion, a PE ratio of 13.03 and a beta of 1.14. The firm has a 50 day simple moving average of C$18.95 and a 200-day simple moving average of C$20.85. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24.

Pet Valu (TSE:PET) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.37 EPS for the quarter. The company had revenue of C$290.68 million during the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. As a group, sell-side analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal 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.