Pet Valu (TSE:PET) Stock Price Down 0.1% – Here’s Why

Pet Valu Holdings Ltd. (TSE:PET)’s share price dropped 0.1% during trading on Thursday. The stock traded as low as C$18.45 and last traded at C$18.48. 133,837 shares traded hands during trading, a decline of 37% from the average daily volume of 213,382 shares. The stock had previously closed at C$18.50.

Wall Street Analyst Weigh In

PET has been the topic of several research reports. Barclays boosted their price objective on shares of Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a “strong-buy” rating in a report on Wednesday. National Bank Financial boosted their price objective on shares of Pet Valu from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 12th. Raymond James Financial cut Pet Valu from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada cut 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. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Pet Valu currently has an average rating of “Moderate Buy” and a consensus price target of C$24.89.

Pet Valu Stock Performance

The business’s fifty day moving average price is C$18.55 and its 200-day moving average price is C$19.13. The stock has a market cap of C$1.26 billion, a PE ratio of 13.06 and a beta of 1.01.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$290.68 million during the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. Analysts forecast that Pet Valu Holdings Ltd. will post 1.68 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.