Desjardins Cuts Pet Valu (TSE:PET) Price Target to C$32.00

Pet Valu (TSE:PET) had its price objective reduced by investment analysts at Desjardins from C$38.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 29.35% from the company’s current price.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays reduced their target price on Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Raymond James Financial dropped their price target on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating on the stock in a research note on Wednesday. Canadian Imperial Bank of Commerce cut Pet Valu from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$36.00 to C$28.00 in a research note on Wednesday. Finally, National Bank Financial downgraded Pet Valu from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$37.00 to C$28.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Stock Down 1.8%

Pet Valu stock traded down C$0.45 during midday trading 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. The business has a 50-day simple moving average of C$28.45 and a 200-day simple moving average of C$31.77. The company has a market cap of C$1.71 billion, a P/E ratio of 18.06 and a beta of 0.87. Pet Valu has a fifty-two week low of C$22.53 and a fifty-two week high of C$39.24.

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

Pet Valu Company Profile

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.