Pet Valu (TSE:PET) Rating Lowered to “Sector Perform” at National Bank Financial

Pet Valu (TSE:PET) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday,BayStreet.CA reports. They presently have a C$28.00 price target on the stock, down from their previous price target of C$37.00. National Bank Financial’s price objective indicates a potential upside of 13.18% from the company’s current price.

Several other brokerages have also recently commented on PET. Royal Bank Of Canada decreased their price objective on shares of Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. Barclays reduced their price target on shares of Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th. TD Securities cut their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a report on Wednesday. Desjardins set a C$38.00 price target on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Stifel Nicolaus decreased their price objective on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$31.94.

Pet Valu Stock Down 1.8%

TSE PET traded down C$0.45 on Wednesday, reaching C$24.74. The company had a trading volume of 465,402 shares, compared to its average volume of 167,686. The firm’s 50 day moving average price is C$28.45 and its 200 day moving average price is C$31.77. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$39.24. The stock has a market capitalization of C$1.71 billion, a PE ratio of 18.06 and a beta of 0.87.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. Pet Valu had a net margin of 8.51% and a return on equity of 115.89%. The firm had revenue of C$326.36 million during the quarter. On average, research analysts expect that Pet Valu will post 1.6820546 EPS for the current 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.