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

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, 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 analysts that have issued ratings on the stock in the last year is C$24.56.

PET has been the topic of several research reports. Canadian Imperial Bank of Commerce dropped their target price on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. Royal Bank Of Canada dropped their target price on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Raymond James Financial dropped their price target on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. ATB Cormark Capital Markets dropped their price target on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, National Bank Financial dropped their price target on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th.

Pet Valu Trading Up 0.9%

Shares of PET stock opened at C$18.96 on Tuesday. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$39.24. The firm’s 50 day moving average is C$19.65 and its 200 day moving average is C$24.51. The stock has a market capitalization of C$1.29 billion, a P/E ratio of 13.84 and a beta of 1.15.

Pet Valu (TSE:PET) last issued its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The company had revenue of C$287.94 million for the quarter. As a group, equities analysts predict that Pet Valu will post 1.6820546 earnings per share for the current year.

Insider Transactions at Pet Valu

In other Pet Valu news, Director Carmine Fortino purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of C$17.26 per share, for a total transaction of C$172,600.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at C$172,600. The trade was a ∞ increase in their position. Also, insider Gregory Mark Ramier purchased 2,800 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the purchase, the insider directly owned 2,800 shares in the company, valued at approximately C$50,092. The trade was a ∞ increase in their ownership of the stock. Insiders have acquired 17,800 shares of company stock worth $308,142 in the last 90 days. 0.29% of the stock is currently owned by insiders.

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.