Pet Valu Holdings Ltd. (TSE:PET) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$24.89.

A number of analysts have recently issued reports on PET shares. Raymond James Financial downgraded shares of Pet Valu from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Desjardins reduced 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. Barclays raised their price target on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce dropped their price target on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday, May 13th. Finally, TD Securities upgraded Pet Valu to a “strong-buy” rating in a report on Thursday, May 21st.

Pet Valu Price Performance

Shares of PET opened at C$18.50 on Friday. The firm’s 50 day simple moving average is C$18.94 and its 200 day simple moving average is C$20.87. The company has a market capitalization of C$1.24 billion, a P/E ratio of 12.94 and a beta of 1.14. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$290.68 million during the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. On average, equities analysts anticipate that Pet Valu will post 1.6820546 earnings per share 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.