Pet Valu Holdings Ltd. (TSE:PET) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Pet Valu has a “Moderate Buy” consensus rating from nine analysts: four rate it a buy, two a strong buy, and three recommend holding. The average 12-month price target is C$24.89.
• Recent analyst actions were mixed, with Barclays and National Bank raising their targets, while RBC lowered its target to C$24 and Raymond James downgraded the stock to “market perform.”
• Shares opened at C$18.68, near their 50-day moving average of C$18.55, while the company reported quarterly revenue of C$290.68 million and EPS of C$0.41.

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$24.89.

A number of analysts have recently weighed in on PET shares. Barclays increased their price objective on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Royal Bank Of Canada cut their target price on shares of Pet Valu from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce raised shares of Pet Valu to a "strong-buy" rating in a research note on Wednesday, October 7th. National Bank Financial upped their price target on shares of Pet Valu from C$22.00 to C$23.00 and gave the company a "sector perform" rating in a report on Wednesday, August 12th. Finally, Raymond James Financial lowered shares of Pet Valu from an "outperform" rating to a "market perform" rating and upped their price target for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th.

Pet Valu Stock Performance

TSE PET opened at C$18.68 on Monday. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$36.52. The stock has a 50-day moving average of C$18.55 and a 200-day moving average of C$19.11. The firm has a market cap of C$1.26 billion, a PE ratio of 13.06 and a beta of 1.01.

Pet Valu (TSE:PET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.41 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The business had revenue of C$290.68 million for the quarter. As a group, equities research analysts forecast that Pet Valu will post 1.68 earnings per share 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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