Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$24.56.
Several brokerages have recently commented on PET. ATB Cormark Capital Markets lowered their price objective on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note 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 report on Wednesday, May 13th. TD Securities raised Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. Barclays cut Pet Valu from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from C$28.00 to C$17.00 in a research report on Wednesday, May 13th. Finally, National Bank Financial cut their price objective on Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th.
Read Our Latest Analysis on Pet Valu
Pet Valu Trading Up 0.9%
Pet Valu (TSE:PET – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 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, research analysts forecast that Pet Valu will post 1.6820546 EPS for the current fiscal year.
Insider Buying and Selling at Pet Valu
In other news, Director Carmine Fortino acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the transaction, the director owned 10,000 shares in the company, valued at C$172,600. The trade was a ∞ increase in their position. Also, Director Matthew Reindel acquired 5,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at approximately C$85,450. This represents a ∞ increase in their position. In the last three months, insiders have bought 17,800 shares of company stock valued at $308,142. 0.29% of the stock is currently owned by corporate insiders.
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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