TD Securities Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target cut by research analysts at TD Securities from C$40.00 to C$34.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 37.43% from the stock’s previous close.

Several other equities analysts also recently weighed in on PET. Barclays dropped their price target on Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th. Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the stock a “buy” rating in a research report on Friday, December 19th. Canadian Imperial Bank of Commerce lowered shares of Pet Valu from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$36.00 to C$28.00 in a report on Wednesday. Royal Bank Of Canada cut their price objective on Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus decreased their target price on Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.94.

Pet Valu Price Performance

Shares of TSE:PET traded down C$0.45 on Wednesday, reaching C$24.74. The company’s stock had a trading volume of 465,402 shares, compared to its average volume of 167,686. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$39.24. The stock’s 50-day moving average is C$28.45 and its two-hundred day moving average is C$31.77. The stock has a market capitalization of C$1.71 billion, a P/E ratio of 18.06 and a beta of 0.87.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. Pet Valu had a net margin of 8.51% and a return on equity of 115.89%. The firm had revenue of C$326.36 million during the quarter. Equities analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

About Pet Valu

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.