Stifel Nicolaus Issues Pessimistic Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target decreased by equities researchers at Stifel Nicolaus from C$37.00 to C$32.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 29.35% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. Canadian Imperial Bank of Commerce lowered Pet Valu from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$36.00 to C$28.00 in a research note on Wednesday. Barclays lowered their target price on Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. TD Securities reduced their price target on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada cut their price target on Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$31.94.

Pet Valu Stock Performance

Shares of TSE PET traded down C$0.45 during mid-day trading on Wednesday, hitting C$24.74. The stock had a trading volume of 465,402 shares, compared to its average volume of 167,686. The firm has a market cap of C$1.71 billion, a PE ratio of 18.06 and a beta of 0.87. The company has a 50 day moving average of C$28.45 and a two-hundred day moving average of C$31.77. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$39.24.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 earnings per share for the quarter. Pet Valu had a return on equity of 115.89% and a net margin of 8.51%.The business had revenue of C$326.36 million for the quarter. Equities research analysts predict that Pet Valu will post 1.6820546 EPS 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.