Pet Valu (TSE:PET) Rating Increased to Strong-Buy at TD Securities

Pet Valu (TSE:PET) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. National Bank Financial lowered their target price 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. Royal Bank Of Canada lowered their price objective on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. ATB Cormark Capital Markets reduced their target price on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Raymond James Financial lowered their price objective on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus cut their target price on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pet Valu currently has an average rating of “Moderate Buy” and an average target price of C$24.56.

Pet Valu Trading Up 0.3%

Shares of PET stock opened at C$17.99 on Thursday. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 13.13 and a beta of 1.27. The firm’s 50 day moving average is C$20.74 and its 200 day moving average is C$25.66. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$39.24.

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

Insider Activity at Pet Valu

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

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.