Pet Valu Holdings Ltd. (TSE:PET) Stock Has Consensus Target Price of C$24.89

Shares of Pet Valu Holdings Ltd. (TSE:PET) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$24.89.

Several equities research analysts have recently commented on PET shares. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. National Bank Financial boosted their target price 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 downgraded shares of Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Royal Bank Of Canada dropped their price target on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Barclays increased their price target on shares of Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th.

Pet Valu Price Performance

PET stock opened at C$19.60 on Monday. The business has a 50 day moving average price of C$18.56 and a two-hundred day moving average price of C$19.03. The company has a market cap of C$1.32 billion, a price-to-earnings ratio of 13.71 and a beta of 1.01. Pet Valu has a twelve month low of C$16.58 and a twelve month high of C$36.52.

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

Pet Valu Company Profile

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.