Brokerages Set Pet Valu Holdings Ltd. (TSE:PET) Price Target at C$38.56

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$38.56.

Several equities analysts have commented on the company. Stifel Nicolaus cut their price target on Pet Valu from C$40.00 to C$37.00 in a report on Wednesday, November 5th. Royal Bank Of Canada lowered their price objective on Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. TD Securities reduced their target price on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Desjardins set a C$38.00 price target on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, CIBC reduced their price objective on shares of Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th.

Pet Valu Price Performance

Shares of Pet Valu stock opened at C$28.45 on Friday. The company has a market cap of C$1.96 billion, a PE ratio of 20.77 and a beta of 0.86. The firm has a fifty day moving average price of C$28.37 and a two-hundred day moving average price of C$33.23. Pet Valu has a fifty-two week low of C$22.53 and a fifty-two week high of C$39.24.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, November 4th. The company reported C$0.40 EPS for the quarter. Pet Valu had a net margin of 8.02% and a return on equity of 100.39%. The business had revenue of C$289.46 million during the quarter. Analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. Pet Valu’s dividend payout ratio (DPR) is currently 34.31%.

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.