Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Rating of “Buy” by Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has received an average rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$38.89.

Several analysts have recently commented on the company. Barclays lowered their price target on Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Stifel Nicolaus cut their price objective on Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. Royal Bank Of Canada decreased their target price on Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. TD Securities decreased their target price on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, CIBC dropped their target price on Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th.

Pet Valu Stock Performance

PET opened at C$29.04 on Tuesday. The company has a 50-day moving average of C$31.37 and a 200-day moving average of C$33.75. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$39.24. The company has a market capitalization of C$2.00 billion, a P/E ratio of 21.20 and a beta of 0.80.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.40 EPS for the quarter. The firm had revenue of C$289.46 million during the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%. As a group, sell-side analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, November 28th. Pet Valu’s payout ratio is 34.31%.

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.