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

TD Securities upgraded shares of Pet Valu (TSE:PET) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. ATB Cormark Capital Markets lowered 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 report on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their price target on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. Raymond James Financial lowered 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 report on Wednesday, May 13th. Desjardins lowered their price target on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Barclays cut shares of Pet Valu from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from C$28.00 to C$17.00 in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$24.56.

Pet Valu Stock Up 0.3%

Shares of TSE:PET opened at C$17.99 on Thursday. The company’s fifty day moving average is C$20.74 and its two-hundred 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. The company has a market cap of C$1.23 billion, a P/E ratio of 13.13 and a beta of 1.27.

Pet Valu (TSE:PET) last announced 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. Equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

Insider Activity

In related news, insider Gregory Mark Ramier purchased 2,800 shares of the stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the acquisition, the insider directly owned 2,800 shares in the company, valued at approximately C$50,092. The trade was a ∞ increase in their position. Also, Director Matthew Reindel purchased 5,000 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at C$85,450. This represents a ∞ increase in their ownership of the stock. Insiders have purchased a total of 17,800 shares of company stock worth $308,142 in the last ninety days. Corporate 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.