Desjardins Cuts Pet Valu (TSE:PET) Price Target to C$26.00

Pet Valu (TSE:PET – Get Free Report) had its target price lowered by investment analysts at Desjardins from C$32.00 to C$26.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 49.08% from the stock’s previous close.

PET has been the subject of a number of other research reports. National Bank Financial lowered their price target on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Barclays cut Pet Valu from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from C$28.00 to C$17.00 in a research report on Wednesday. Raymond James Financial lowered their price target on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday. Royal Bank Of Canada lowered their price target on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lowered their price target on Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Pet Valu currently has a consensus rating of “Moderate Buy” and an average target price of C$24.56.

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Pet Valu Stock Up 2.6%

Shares of Pet Valu stock traded up C$0.44 during trading on Wednesday, reaching C$17.44. The company’s stock had a trading volume of 372,558 shares, compared to its average volume of 221,750. The company has a market cap of C$1.20 billion, a price-to-earnings ratio of 12.55 and a beta of 1.27. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24. The company has a 50-day simple moving average of C$21.77 and a two-hundred day simple moving average of C$26.55.

Pet Valu (TSE:PET – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. The firm had revenue of C$287.94 million during the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. As a group, analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

Pet Valu Company Profile

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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.

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