Pet Valu (TSE:PET) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Pet Valu shares rose above their 200-day moving average, reaching C$21.34 before last trading at C$21.08, up 5.7%. The company has a C$1.42 billion market capitalization and a P/E ratio of 14.74.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average price target of C$25.00, although some firms recently lowered ratings or price objectives.
• In its latest quarter, Pet Valu reported C$0.41 EPS and C$290.68 million in revenue, with an 8.31% net margin and 110.16% return on equity. Analysts expect full-year EPS of C$1.68.

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$21.01 and traded as high as C$21.34. Pet Valu shares last traded at C$21.08, with a volume of 637,735 shares trading hands.

Analyst Ratings Changes

PET has been the subject of several research reports. Raymond James Financial lowered Pet Valu from an "outperform" rating to a "market perform" rating and upped their target price for the stock from C$21.00 to C$23.00 in a research note on Wednesday, August 12th. Royal Bank Of Canada lowered 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 report on Tuesday, July 28th. Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a "strong-buy" rating in a report on Wednesday, October 7th. National Bank Financial raised shares of Pet Valu from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$23.00 to C$24.00 in a research note on Monday. Finally, Barclays increased their target price on shares of Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$25.00.

Pet Valu Stock Up 5.7%

The firm has a fifty day moving average price of C$18.61 and a two-hundred day moving average price of C$21.01. The stock has a market capitalization of C$1.42 billion, a P/E ratio of 14.74 and a beta of 1.01.

Pet Valu (TSE:PET - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported C$0.41 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 for the quarter. Sell-side analysts anticipate that Pet Valu Holdings Ltd. will post 1.68 earnings per share for the current fiscal year.

About Pet Valu

Pet Valu is Canada's leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.

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