Pet Valu Holdings Ltd. (TSE:PET) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$31.94.

Several research firms have recently weighed in on PET. Stifel Nicolaus dropped their target price on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Canadian Imperial Bank of Commerce downgraded Pet Valu from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$36.00 to C$28.00 in a research note on Wednesday, March 4th. TD Securities lowered their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Royal Bank Of Canada reduced their target price on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Barclays decreased their target price on Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th.

Pet Valu Stock Down 1.2%

Shares of PET opened at C$21.39 on Thursday. The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of 15.39 and a beta of 1.02. The business’s 50 day moving average is C$26.79 and its two-hundred day moving average is C$30.10. Pet Valu has a 52-week low of C$21.25 and a 52-week high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.49 earnings per share for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. On average, equities analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

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.