Pet Valu (TSE:PET – Free Report) had its price target reduced by National Bank Financial from C$27.00 to C$22.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.
PET has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce cut their target price on shares of Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday. Stifel Nicolaus lowered their price target on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. 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 for the company in a report on Wednesday. Finally, Barclays downgraded shares of 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 report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Pet Valu presently has an average rating of “Moderate Buy” and a consensus price target of C$24.56.
View Our Latest Stock Report on Pet Valu
Pet Valu Trading Up 2.9%
Pet Valu (TSE:PET – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company 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, analysts forecast that Pet Valu will post 1.6820546 EPS for the current fiscal year.
Insider Transactions at Pet Valu
In related news, Director Carmine Fortino bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of C$17.26 per share, for a total transaction of C$172,600.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at C$172,600. This trade represents a ∞ increase in their ownership of the stock. Insiders own 0.29% of the company’s stock.
Pet Valu News Summary
Here are the key news stories impacting Pet Valu this week:
- Positive Sentiment: Director Carmine Fortino bought 10,000 shares of Pet Valu Holdings Ltd. (TSE:PET) at C$17.26 per share, a signal of insider confidence that can support sentiment. Pet Valu (TSE:PET) Director Buys C$172,600.00 in Stock
- Positive Sentiment: TD Securities upgraded Pet Valu Holdings Ltd. (TSE:PET) to strong-buy, adding a bullish offset to the recent analyst chatter. Pet Valu upgraded by TD Securities to strong-buy
- Positive Sentiment: Despite recent cuts to targets, analyst coverage still clusters around Moderate Buy, which suggests the broader Street view remains constructive on Pet Valu Holdings Ltd. (TSE:PET). Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Recommendation of “Moderate Buy” by Analysts
- Neutral Sentiment: A feature article highlighted Pet Valu as a deeply discounted Canadian stock that some investors may want to buy and hold, reinforcing the idea that the share price may be viewed as depressed rather than broken. 1 Practically Perfect Canadian Stock Down 53% to Buy and Hold Forever
- Negative Sentiment: Several firms lowered price targets for Pet Valu Holdings Ltd. (TSE:PET), including Raymond James, National Bank, Stifel, ATB Cormark, CIBC, and RBC, signaling softer near-term expectations. Pet Valu Price Target Cut to C$21.00 by Analysts at Raymond James Financial
- Negative Sentiment: Barclays downgraded Pet Valu Holdings Ltd. (TSE:PET) to Equal Weight, which likely added pressure to the stock by tempering expectations. Pet Valu (TSE:PET) Downgraded by Barclays to Equal Weight
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.
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