Pet Valu (TSE:PET) Given New C$27.00 Price Target at Stifel Nicolaus

Pet Valu (TSE:PET) had its price target lifted by analysts at Stifel Nicolaus from C$23.00 to C$27.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective suggests a potential upside of 15.04% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. National Bank Financial raised Pet Valu from a “hold” rating to an “outperform” rating and increased their price target for the company from C$23.00 to C$24.00 in a report on Monday, November 2nd. Royal Bank Of Canada boosted their price objective on shares of Pet Valu from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Raymond James Financial cut shares of Pet Valu from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Finally, Barclays boosted their price target on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$26.61.

Pet Valu Stock Performance

PET traded up C$0.32 during midday trading on Wednesday, reaching C$23.47. 296,169 shares of the company were exchanged, compared to its average volume of 216,044. Pet Valu has a one year low of C$16.58 and a one year high of C$30.11. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16. The company’s fifty day moving average price is C$18.98 and its 200 day moving average price is C$20.78.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C$0.44 EPS for the quarter. The firm had revenue of C$299.52 million for 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 anticipate that Pet Valu will post 1.68 earnings per share 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.