Raymond James Financial Lowers Pet Valu (TSE:PET) Price Target to C$21.00

Pet Valu (TSE:PET) had its price objective lowered by stock analysts at Raymond James Financial from C$31.50 to C$21.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 20.41% from the company’s previous close.

Several other equities research analysts have also issued reports on PET. Royal Bank Of Canada lowered their price objective on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce reduced their price target on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday. Stifel Nicolaus reduced their price target on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday. National Bank Financial reduced their price target on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Finally, ATB Cormark Capital Markets reduced their price target on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Pet Valu currently has a consensus rating of “Moderate Buy” and an average price target of C$24.56.

Pet Valu Price Performance

Shares of TSE:PET traded up C$0.44 during trading on Wednesday, hitting C$17.44. The company had a trading volume of 372,558 shares, compared to its average volume of 221,750. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 12.55 and a beta of 1.27. Pet Valu has a one year low of C$16.58 and a one year high of C$39.24. The company has a fifty day simple moving average of C$21.77 and a two-hundred day simple moving average of C$26.55.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$287.94 million during the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. On average, equities research analysts anticipate that Pet Valu 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.