Pet Valu Holdings Ltd. (TSE:PET) Stock Has Consensus Price Target of C$25.00 According to Analysts

by · The Cerbat Gem

Shares of Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) have earned an average rating of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$25.00.

PET has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Barclays increased their price objective on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Royal Bank Of Canada decreased their price objective on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. National Bank Financial raised Pet Valu from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$23.00 to C$24.00 in a report on Monday, November 2nd. Finally, Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th.

Read Our Latest Research Report on Pet Valu

Pet Valu Price Performance

Shares of TSE:PET opened at C$21.49 on Friday. The company’s fifty day moving average price is C$18.84 and its 200-day moving average price is C$20.85. The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 15.03 and a beta of 1.16. Pet Valu has a one year low of C$16.58 and a one year high of C$30.11.

Pet Valu (TSE:PET – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$290.68 million for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. As a group, equities research analysts expect that Pet Valu will post 1.68 EPS for the current year.

About Pet Valu

(Get Free Report)

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.

Recommended Stories