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

Pet Valu Holdings Ltd. (TSE:PET) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$24.33.

A number of equities analysts have commented on the stock. Barclays downgraded shares of 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 note on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their price target on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. TD Securities raised Pet Valu to a “strong-buy” rating in a research note on Thursday, May 21st. Raymond James Financial reduced their price objective on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada decreased their target price on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th.

Pet Valu Stock Performance

TSE:PET opened at C$19.63 on Wednesday. Pet Valu has a twelve month low of C$16.58 and a twelve month high of C$39.24. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 14.33 and a beta of 1.13. The stock has a fifty day simple moving average of C$18.66 and a 200-day simple moving average of C$22.12.

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. The firm had revenue of C$287.94 million during the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. As a group, equities research analysts predict that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Insider Buying and Selling

In other Pet Valu news, Director Carmine Fortino bought 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of C$17.26 per share, with a total value of C$172,600.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately C$172,600. This trade represents a ∞ increase in their position. Also, insider Gregory Mark Ramier purchased 2,800 shares of Pet Valu stock in a transaction dated Thursday, May 21st. The stock was acquired at an average price of C$17.89 per share, with a total value of C$50,092.00. Following the acquisition, the insider owned 2,800 shares in the company, valued at approximately C$50,092. This represents a ∞ increase in their position. Insiders acquired a total of 17,800 shares of company stock valued at $308,142 over the last three months. 0.29% of the stock is owned by company 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.