ATB Cormark Capital Markets Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

by · The Cerbat Gem

Pet Valu (TSE:PET – Get Free Report) had its target price cut by stock analysts at ATB Cormark Capital Markets from C$40.00 to C$30.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 72.02% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada cut their target price on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. TD Securities dropped their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus dropped their price objective on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research note on Wednesday. National Bank Financial dropped their price objective on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$24.56.

Check Out Our Latest Analysis on Pet Valu

Pet Valu Trading Up 2.6%

Shares of PET traded up C$0.44 during trading hours on Wednesday, reaching C$17.44. The stock had a trading volume of 372,558 shares, compared to its average volume of 221,750. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$39.24. The firm has a 50-day simple moving average of C$21.77 and a 200 day simple moving average of C$26.55. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 12.55 and a beta of 1.27.

Pet Valu (TSE:PET – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%.The company had revenue of C$287.94 million for the quarter. On average, equities analysts forecast that Pet Valu will post 1.6820546 EPS for the current year.

About Pet Valu

(Get Free Report)

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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