Pet Valu Holdings Ltd. (TSE:PET) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Pet Valu has a “Moderate Buy” consensus from nine brokerages: four rate it a hold, four a buy, and one a strong buy. The average 12-month price target is C$24.89.
• Analysts have recently adjusted their views, with price targets ranging from C$19.00 to C$24.00; TD Securities upgraded the stock to “strong buy,” while Raymond James downgraded it to “market perform.”
• The shares opened at C$18.04, well below the consensus target, while the company’s latest quarter included C$290.68 million in revenue and C$0.37 in earnings per share.

Shares of Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$24.89.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of Pet Valu from C$26.00 to C$24.00 and set an "outperform" rating for the company in a research note on Tuesday, July 28th. National Bank Financial raised their target price on shares of Pet Valu from C$22.00 to C$23.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 12th. Barclays lifted their target price on shares of Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Raymond James Financial downgraded Pet Valu from an "outperform" rating to a "market perform" rating and increased their price target for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Finally, TD Securities upgraded Pet Valu to a "strong-buy" rating in a report on Thursday, May 21st.

Pet Valu Price Performance

TSE PET opened at C$18.04 on Thursday. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$38.19. The firm has a market capitalization of C$1.21 billion, a P/E ratio of 12.62 and a beta of 0.95. The business's 50-day simple moving average is C$18.96 and its 200-day simple moving average is C$19.82.

Pet Valu (TSE:PET - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$0.37 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The firm had revenue of C$290.68 million during the quarter. On average, equities research analysts expect 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.

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