Pet Valu (TSE:PET – Get Free Report) was upgraded by analysts at TD Securities to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.
PET has been the subject of several other research reports. Canadian Imperial Bank of Commerce dropped their price target on shares of Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday, May 13th. National Bank Financial lowered their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus lowered their target price on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered their target price on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.56.
View 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 (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, sell-side analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.
Insider Buying and Selling at Pet Valu
In other Pet Valu news, Director Matthew Reindel bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of C$17.09 per share, with a total value of C$85,450.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately C$85,450. The trade was a ∞ increase in their position. Also, insider Gregory Mark Ramier bought 2,800 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of C$17.89 per share, with a total value of C$50,092.00. Following the completion of the transaction, the insider owned 2,800 shares of the company’s stock, valued at C$50,092. This represents a ∞ increase in their ownership of the stock. Over the last ninety days, insiders purchased 17,800 shares of company stock valued at $308,142. Corporate 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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