Pet Valu Holdings Ltd. (TSE:PET) Receives Average Rating of “Buy” from Analysts

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$38.56.

Several equities analysts recently issued reports on PET shares. Desjardins set a C$38.00 target price on Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. TD Securities lowered their price objective on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Barclays cut their price objective on shares of Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th. Royal Bank Of Canada reduced their target price on shares of Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. Finally, CIBC dropped their price target on Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th.

Pet Valu Stock Down 0.7%

Shares of TSE PET opened at C$27.50 on Wednesday. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$39.24. The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 20.07 and a beta of 0.87. The company’s fifty day moving average is C$28.39 and its 200-day moving average is C$32.67.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.40 EPS for the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%.The business had revenue of C$289.46 million for the quarter. On average, research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Pet Valu Dividend Announcement

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

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.