Pet Valu (TSE:PET) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Pet Valu (TSE:PET) had its target price lifted by equities researchers at Raymond James Financial from C$23.00 to C$24.50 in a note issued to investors on Wednesday, BayStreet reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 4.39% from the stock’s previous close.

Several other analysts have also recently issued reports on PET. Stifel Nicolaus boosted their price objective on shares of Pet Valu from C$23.00 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce upgraded Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Barclays increased their target price on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on Pet Valu from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Desjardins upped their price target on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$26.61.

Pet Valu Stock Performance

Pet Valu stock traded up C$0.32 during trading on Wednesday, reaching C$23.47. The company had a trading volume of 296,169 shares, compared to its average volume of 216,044. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$30.11. The stock’s 50 day moving average price is C$18.98 and its two-hundred day moving average price is C$20.78. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16.

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 during the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. As a group, research analysts expect that Pet Valu will post 1.68 earnings per share for the current 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.