Analysts Set Pet Valu Holdings Ltd. (TSE:PET) PT at C$24.33

Pet Valu Holdings Ltd. (TSE:PET) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$24.33.

Several research firms recently issued reports on PET. Raymond James Financial dropped their price target on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. ATB Cormark Capital Markets lowered their price objective on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus dropped their target price on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$28.00 to C$17.00 in a research report on Wednesday, May 13th. Finally, Desjardins cut their target price on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th.

Pet Valu Stock Up 1.4%

Shares of TSE PET opened at C$19.63 on Wednesday. The business has a 50 day moving average price of C$18.66 and a two-hundred day moving average price of C$22.16. The firm has a market cap of C$1.34 billion, a PE ratio of 14.33 and a beta of 1.13. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. The firm had revenue of C$287.94 million for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. On average, analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Matthew Reindel acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$17.09 per share, with a total value of C$85,450.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at approximately C$85,450. The trade was a ∞ increase in their ownership of the stock. Also, insider Gregory Mark Ramier acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the transaction, the insider owned 2,800 shares in the company, valued at C$50,092. The trade was a ∞ increase in their ownership of the stock. Insiders have bought a total of 17,800 shares of company stock valued at $308,142 in the last quarter. Company insiders own 0.29% of the company’s stock.

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.