Pet Valu (TSE:PET) Stock Price Up 0.7% - Time to Buy?

Key Points

• Pet Valu shares rose 0.7% to C$18.03, although trading volume was 63% below the average. The stock remains below its 50-day and 200-day moving averages of C$19.00 and C$19.98, respectively.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$24.89, implying potential upside from the current price. Recent target changes ranged from C$19.00 to C$24.00.
• The company reported quarterly revenue of C$290.68 million and EPS of C$0.37, alongside an 8.31% net margin and 110.16% return on equity. Analysts expect full-year EPS of approximately C$1.68.

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report)'s share price shot up 0.7% on Monday . The company traded as high as C$18.18 and last traded at C$18.03. Approximately 81,316 shares traded hands during trading, a decline of 63% from the average daily volume of 222,556 shares. The stock had previously closed at C$17.90.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Raymond James Financial lowered Pet Valu from an "outperform" rating to a "market perform" rating and boosted their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Royal Bank Of Canada dropped their price objective on shares of Pet Valu from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. TD Securities upgraded shares of Pet Valu to a "strong-buy" rating in a research note on Thursday, May 21st. 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. Finally, National Bank Financial boosted their price target on shares of Pet Valu from C$22.00 to C$23.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$24.89.

Pet Valu Stock Up 0.7%

The stock has a fifty day moving average of C$19.00 and a two-hundred day moving average of C$19.98. The stock has a market cap of C$1.21 billion, a price-to-earnings ratio of 12.61 and a beta of 0.95.

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