Pet Valu (TSE:PET) Sets New 52-Week Low – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PET) reached a new 52-week low on Tuesday . The stock traded as low as C$21.18 and last traded at C$21.32, with a volume of 92105 shares. The stock had previously closed at C$21.44.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Desjardins reduced their target price on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. National Bank Financial cut Pet Valu from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$37.00 to C$28.00 in a report on Wednesday, March 4th. TD Securities cut their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Raymond James Financial reduced 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 note on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce cut Pet Valu from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$36.00 to C$28.00 in a report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Stock Down 0.6%

The stock’s 50-day moving average price is C$26.32 and its 200-day moving average price is C$29.68. The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 15.34 and a beta of 1.02.

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