Raymond James Financial Lowers Pet Valu (TSE:PET) Price Target to C$21.00

Pet Valu (TSE:PET) had its price objective dropped by analysts at Raymond James Financial from C$31.50 to C$21.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 20.41% from the company’s previous close.

A number of other equities analysts have also commented on the company. Royal Bank Of Canada dropped their price target on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. TD Securities dropped their price target on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. ATB Cormark Capital Markets dropped their price target on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday. Canadian Imperial Bank of Commerce dropped their price target on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday. Finally, National Bank Financial dropped their price target on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.56.

Pet Valu Price Performance

Shares of TSE:PET traded up C$0.44 during trading on Wednesday, hitting C$17.44. 372,558 shares of the company’s stock were exchanged, compared to its average volume of 221,750. Pet Valu has a 52-week low of C$16.58 and a 52-week high of C$39.24. The business’s 50-day simple moving average is C$21.77 and its 200 day simple moving average is C$26.55. The company has a market cap of C$1.20 billion, a price-to-earnings ratio of 12.55 and a beta of 1.27.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%.The firm had revenue of C$287.94 million during the quarter. On average, sell-side analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal 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.