Shares of Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings 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 1-year target price among brokers that have updated their coverage on the stock in the last year is C$24.56.
Several research firms recently weighed in on PET. Canadian Imperial Bank of Commerce decreased their price target on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. National Bank Financial reduced their target price on 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. Desjardins reduced their target price on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus reduced 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.
Read Our Latest Research Report on Pet Valu
Pet Valu Stock Performance
Pet Valu (TSE:PET – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The company had revenue of C$287.94 million for the quarter. Equities analysts forecast that Pet Valu will post 1.6820546 EPS for the current year.
Insiders Place Their Bets
In other Pet Valu news, Director Carmine Fortino bought 10,000 shares of Pet Valu stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of C$17.26 per share, for a total transaction of C$172,600.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately C$172,600. This trade represents a ∞ increase in their position. Also, Director Matthew Reindel bought 5,000 shares of Pet Valu stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$17.09 per share, for a total transaction of C$85,450.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately C$85,450. This trade represents a ∞ increase in their ownership of the stock. Insiders have acquired a total of 17,800 shares of company stock worth $308,142 over the last quarter. 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.
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