Pet Valu Holdings Ltd. (TSE:PET) Receives C$31.94 Average Price Target from Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$31.94.

PET has been the subject of a number of analyst reports. Stifel Nicolaus reduced their target price on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Canadian Imperial Bank of Commerce lowered shares of Pet Valu from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$36.00 to C$28.00 in a research note on Wednesday, March 4th. Raymond James Financial reduced their price objective on shares of Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Desjardins decreased their price objective on shares of Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, TD Securities lowered their target price on shares of Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th.

Pet Valu Price Performance

PET opened at C$21.44 on Thursday. Pet Valu has a 12 month low of C$21.25 and a 12 month high of C$39.24. The business has a 50 day simple moving average of C$26.48 and a 200-day simple moving average of C$29.86. The stock has a market capitalization of C$1.47 billion, a P/E ratio of 15.42 and a beta of 1.02.

Pet Valu (TSE:PET) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. Research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current 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.