Pet Valu (TSE:PET – Get Free Report) had its price objective upped by research analysts at Desjardins from C$26.00 to C$28.00 in a research note issued on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target indicates a potential upside of 19.30% from the company’s current price.
A number of other research analysts have also weighed in on the stock. National Bank Financial raised shares of Pet Valu from a “hold” rating to an “outperform” rating and raised their price target for the company from C$23.00 to C$24.00 in a research report on Monday, November 2nd. Barclays increased their price objective on shares of Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Royal Bank Of Canada dropped their target price on shares of 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, Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$21.00 to C$23.00 in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Pet Valu presently has a consensus rating of “Buy” and a consensus price target of C$26.61.
Get Our Latest Research Report on Pet Valu
Pet Valu Trading Up 1.4%
Shares of TSE:PET traded up C$0.32 during mid-day trading on Wednesday, hitting C$23.47. 296,169 shares of the company traded hands, compared to its average volume of 216,044. The stock has a 50-day moving average price of C$18.98 and a two-hundred day moving average price of C$20.78. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$30.11. The stock has a market cap of C$1.58 billion, a P/E ratio of 16.41 and a beta of 1.16.
Pet Valu (TSE:PET – Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$299.52 million for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. As a group, analysts expect that Pet Valu will post 1.68 earnings per share for the current year.
Pet Valu Company Profile
Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.
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