Pet Valu Holdings Ltd. (TSE:PET) Given Average Recommendation of "Moderate Buy" by 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.
• Several analysts recently lowered their price targets, including RBC to C$24, CIBC to C$22, Desjardins to C$26, and Stifel to C$23; TD Securities upgraded the stock to “strong buy.”
• Shares opened at C$19.20, with the company valued at approximately C$1.29 billion. In its latest quarter, Pet Valu reported C$0.37 EPS and C$290.68 million in revenue.

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) has been given an average rating of "Moderate Buy" by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$24.89.

A number of research analysts have recently commented on PET shares. Royal Bank Of Canada cut 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 report on Tuesday, July 28th. Canadian Imperial Bank of Commerce decreased their price target on shares of Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday, May 13th. Desjardins dropped their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a "buy" rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus reduced their price objective on shares of Pet Valu from C$32.00 to C$23.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Finally, TD Securities upgraded shares of Pet Valu to a "strong-buy" rating in a research report on Thursday, May 21st.

Pet Valu Stock Down 1.6%

Shares of TSE:PET opened at C$19.20 on Friday. The business has a 50 day moving average price of C$18.92 and a 200 day moving average price of C$21.19. Pet Valu has a twelve month low of C$16.58 and a twelve month high of C$39.24. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of 13.43 and a beta of 1.14.

Pet Valu (TSE:PET - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$0.37 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 firm had revenue of C$290.68 million for the quarter. Analysts anticipate that Pet Valu will post 1.6820546 EPS for the current year.

About Pet Valu

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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