Pet Valu (TSE:PET – Get Free Report) was upgraded by analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.
Several other brokerages have also recently weighed in on PET. Raymond James Financial cut Pet Valu from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$21.00 to C$23.00 in a research note on Wednesday, August 12th. National Bank Financial lifted their target price on Pet Valu from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 12th. Royal Bank Of Canada cut their target price on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Finally, Barclays raised their price target on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pet Valu presently has an average rating of “Moderate Buy” and an average price target of C$24.89.
Pet Valu Stock Up 1.1%
Pet Valu (TSE:PET – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$290.68 million for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. On average, equities research analysts anticipate that Pet Valu will post 1.68 earnings per share for the current fiscal year.
Pet Valu Company Profile
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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