Canadian Imperial Bank of Commerce upgraded shares of Pet Valu (TSE:PET – Free Report) to a strong-buy rating in a research report released on Wednesday,Zacks reports.
A number of other analysts have also commented on the company. Raymond James Financial lowered Pet Valu from an “outperform” rating to a “market perform” rating and lifted their price target for the company 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. Barclays boosted their price target on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$24.89.
Check Out Our Latest Stock Report on PET
Pet Valu Stock Performance
Pet Valu (TSE:PET – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$290.68 million for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. As a group, sell-side analysts predict that Pet Valu will post 1.68 earnings per share for the current fiscal year.
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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