National Bank Financial Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price objective reduced by National Bank Financial from C$28.00 to C$27.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 27.36% from the company’s previous close.

PET has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut Pet Valu from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$36.00 to C$28.00 in a report on Wednesday, March 4th. Barclays decreased their price target on Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Royal Bank Of Canada decreased their price target on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Stifel Nicolaus decreased their price objective on Pet Valu from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Raymond James Financial decreased their price objective on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.83.

Pet Valu Stock Performance

Shares of TSE PET opened at C$21.20 on Friday. The stock has a market cap of C$1.46 billion, a PE ratio of 15.25 and a beta of 1.29. The business has a fifty day moving average of C$23.52 and a two-hundred day moving average of C$27.67. Pet Valu has a 52-week low of C$19.95 and a 52-week high of C$39.24.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$326.36 million during the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. Analysts predict that Pet Valu will post 1.6820546 earnings per share for the current year.

Pet Valu Company Profile

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.