Pet Valu Holdings Ltd. (TSE:PET) Stock Rated “Moderate Buy” by Sell-Side Analysts

Pet Valu Holdings Ltd. (TSE:PET) has been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$24.89.

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. National Bank Financial lifted their price objective on Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada reduced their target price 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. Finally, Raymond James Financial lowered shares of Pet Valu from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th.

Pet Valu Trading Down 0.3%

PET opened at C$19.60 on Monday. The company has a market cap of C$1.32 billion, a price-to-earnings ratio of 13.71 and a beta of 1.01. The company’s 50 day moving average is C$18.56 and its 200 day moving average is C$19.05. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$36.52.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The business had revenue of C$290.68 million for the quarter. As a group, analysts predict that Pet Valu will post 1.68 EPS 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.