Pet Valu (TSE:PET) Upgraded to Outperform at National Bank Financial

Pet Valu (TSE:PET) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Monday, BayStreet reports. The firm presently has a C$24.00 price target on the stock, up from their previous price target of C$23.00. National Bank Financial‘s price target indicates a potential upside of 13.15% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Raymond James Financial cut Pet Valu from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$21.00 to C$23.00 in a research note on Wednesday, August 12th. Royal Bank Of Canada dropped their price target on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce upgraded Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Barclays raised their price objective on shares of Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$25.00.

Pet Valu Stock Up 6.3%

PET traded up C$1.26 during trading on Monday, reaching C$21.21. 517,617 shares of the stock traded hands, compared to its average volume of 211,133. The stock has a market capitalization of C$1.43 billion, a PE ratio of 14.83 and a beta of 1.01. The stock’s 50-day moving average is C$18.58 and its 200 day moving average is C$21.04. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$35.74.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The firm had revenue of C$290.68 million during the quarter. As a group, equities research analysts anticipate that Pet Valu will post 1.68 EPS for the current year.

Pet Valu Company Profile

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.