Desjardins Forecasts Strong Price Appreciation for Pet Valu (TSE:PET) Stock

Key Points

• Desjardins raised its target price for Pet Valu's stock from C$32.00 to C$38.00, signaling a potential upside of 11.73% from its current price.
• The company currently holds a consensus "Buy" rating among analysts, with various firms setting target prices ranging from C$33.00 to C$38.00.
• Pet Valu's stock price was C$34.01 at the close of trading on Wednesday, with a market capitalization of C$2.42 billion and a 52-week high of C$34.59.

Pet Valu (TSE:PET - Free Report) had its target price hoisted by Desjardins from C$32.00 to C$38.00 in a research report report published on Wednesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Pet Valu's Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.52 EPS, FY2025 earnings at $1.63 EPS and FY2026 earnings at $1.82 EPS.

PET has been the subject of several other reports. Royal Bank Of Canada lifted their price objective on shares of Pet Valu from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. TD Securities lifted their price objective on shares of Pet Valu from C$32.00 to C$35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their price objective on shares of Pet Valu from C$28.50 to C$33.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. ATB Capital lifted their price objective on shares of Pet Valu from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, National Bankshares set a C$33.00 target price on Pet Valu and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$35.67.

Pet Valu Stock Performance

TSE PET traded down C$0.25 on Wednesday, hitting C$33.28. 99,917 shares of the stock were exchanged, compared to its average volume of 103,833. The stock has a fifty day moving average price of C$32.64 and a two-hundred day moving average price of C$28.42. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 27.44 and a beta of 0.81. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$34.59.

Pet Valu Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Pet Valu's previous quarterly dividend of $0.11. Pet Valu's dividend payout ratio (DPR) is currently 36.27%.

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.