Stifel Nicolaus Cuts Pet Valu (TSE:PET) Price Target to C$32.00

Pet Valu (TSE:PET) had its target price decreased by Stifel Nicolaus from C$37.00 to C$32.00 in a report published on Wednesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. TD Securities cut their price target on shares of Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays lowered their price objective on shares of Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada dropped their price objective on Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. Desjardins set a C$38.00 target price on Pet Valu and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Canadian Imperial Bank of Commerce cut Pet Valu from an “outperform” rating to a “hold” rating and reduced their target price for the company from C$36.00 to C$28.00 in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$31.94.

Pet Valu Price Performance

TSE PET opened at C$24.33 on Wednesday. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$39.24. The company has a 50-day moving average of C$28.24 and a 200-day moving average of C$31.58. The company has a market cap of C$1.68 billion, a P/E ratio of 17.76 and a beta of 1.02.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 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 for the quarter. As a group, equities research analysts anticipate 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.