Analysts Set Pet Valu Holdings Ltd. (TSE:PET) Target Price at C$38.89

Pet Valu Holdings Ltd. (TSE:PET) has been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$38.89.

PET has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Pet Valu from C$40.00 to C$37.00 in a research note on Wednesday, November 5th. TD Securities dropped their price target on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. CIBC cut their price target on Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th. Barclays lowered their price objective on Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada cut their target price on Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th.

Pet Valu Price Performance

Pet Valu stock opened at C$28.26 on Tuesday. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$39.24. The company has a fifty day moving average price of C$30.94 and a two-hundred day moving average price of C$33.66. The company has a market cap of C$1.95 billion, a PE ratio of 20.63 and a beta of 0.80.

Pet Valu (TSE:PET) last issued its earnings results on Tuesday, November 4th. The company reported C$0.40 earnings per share for the quarter. Pet Valu had a net margin of 8.02% and a return on equity of 100.39%. The company had revenue of C$289.46 million for the quarter. Equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

Pet Valu Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, November 28th. Pet Valu’s payout ratio is presently 34.31%.

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.