Pet Valu (TSE:PET) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of Pet Valu (TSE:PET) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. 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 report on Wednesday. Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and cut their price target for the company from C$28.00 to C$17.00 in a report on Wednesday. ATB Cormark Capital Markets decreased their price objective on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday. National Bank Financial dropped their target price on Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce cut their target price on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pet Valu has a consensus rating of “Moderate Buy” and an average target price of C$24.56.

Pet Valu Stock Performance

TSE:PET opened at C$17.17 on Thursday. The stock’s fifty day moving average is C$21.40 and its 200 day moving average is C$26.28. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24. The firm has a market capitalization of C$1.18 billion, a PE ratio of 12.35 and a beta of 1.27.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The company had revenue of C$287.94 million during the quarter. Equities analysts forecast that Pet Valu will post 1.6820546 EPS for the current year.

Insiders Place Their Bets

In related news, Director Carmine Fortino acquired 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately C$172,600. This represents a ∞ increase in their ownership of the stock. 0.29% of the stock is owned by insiders.

Pet Valu News Summary

Here are the key news stories impacting Pet Valu this week:

• Positive Sentiment: Director Carmine Fortino bought 10,000 shares of Pet Valu Holdings Ltd. (TSE:PET) at C$17.26, a sign of insider confidence that can be viewed favorably by investors.
• Positive Sentiment: Several analysts still rate Pet Valu favorably despite cutting targets, including Desjardins and RBC at buy/outperform, while others maintained positive or near-positive views; consensus coverage remains Moderate Buy, suggesting long-term optimism remains intact. Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Pet Valu was featured in an article calling it a “practically perfect” Canadian stock that is down 53% and could be bought and held long term, which may reinforce the view that the stock is deeply discounted rather than fundamentally broken. 1 Practically Perfect Canadian Stock Down 53% to Buy and Hold Forever
• Negative Sentiment: Multiple firms cut price targets for Pet Valu Holdings Ltd. (TSE:PET), including Barclays, Raymond James, National Bank, Stifel, ATB Cormark, CIBC, and RBC, indicating analysts have become less bullish on near-term valuation.
• Negative Sentiment: Barclays downgraded Pet Valu to Equal Weight from Overweight and sharply reduced its target, which likely weighed on sentiment and signals more cautious expectations for the 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.