Pet Valu (TSE:PET) Sets New 12-Month Low – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PET)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$22.51 and last traded at C$22.55, with a volume of 153508 shares trading hands. The stock had previously closed at C$22.74.

Wall Street Analyst Weigh In

PET has been the subject of several analyst reports. Raymond James Financial decreased their target price on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Desjardins dropped their target price on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Stifel Nicolaus cut their price target on Pet Valu from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Royal Bank Of Canada reduced their price target on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Finally, Barclays dropped their price objective on Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Pet Valu has an average rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Stock Down 0.8%

The company’s 50-day simple moving average is C$27.68 and its 200 day simple moving average is C$30.86. The company has a market capitalization of C$1.55 billion, a P/E ratio of 16.22 and a beta of 1.02.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. As a group, equities research analysts forecast that Pet Valu Holdings Ltd. 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.