Shares of Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) were down 12.4% on Tuesday . The company traded as low as C$17.24 and last traded at C$17.30. Approximately 138,539 shares were traded during trading, a decline of 31% from the average daily volume of 201,171 shares. The stock had previously closed at C$19.76.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on PET shares. Desjardins reduced their price objective on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Canadian Imperial Bank of Commerce lowered shares of Pet Valu from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$36.00 to C$28.00 in a research note on Wednesday, March 4th. TD Securities lowered their price objective on shares of Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. National Bank Financial dropped their price objective on shares of Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Finally, Barclays reduced their price objective on shares of Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$31.17.
Check Out Our Latest Analysis on Pet Valu
Pet Valu Stock Performance
Pet Valu (TSE:PET – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The firm had revenue of C$287.94 million during the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. Sell-side analysts anticipate that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share for the current 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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