Pet Valu Holdings Ltd. (TSE:PET) Receives C$38.56 Consensus Price Target from Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$38.56.

Several research firms have commented on PET. Canadian Imperial Bank of Commerce dropped their target price on Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th. Royal Bank Of Canada dropped their price target on shares of Pet Valu from C$43.00 to C$40.00 in a research note 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. TD Securities decreased their target price on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Stifel Nicolaus cut their price target on shares of Pet Valu from C$40.00 to C$37.00 in a report on Wednesday, November 5th.

Pet Valu Price Performance

PET stock opened at C$29.06 on Wednesday. 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 cap of C$2.00 billion, a P/E ratio of 21.21 and a beta of 0.87. The firm has a 50-day moving average of C$28.41 and a 200 day moving average of C$32.56.

Pet Valu (TSE:PET) last announced 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 during the quarter. On average, equities research analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, November 28th. Pet Valu’s dividend payout ratio (DPR) is 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.