Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$24.56.

Several research firms recently issued reports on PET. National Bank Financial decreased their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. Desjardins lowered their target price on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a research note on Thursday, May 14th. 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, May 13th. Finally, Raymond James Financial lowered their price objective on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th.

Pet Valu Stock Performance

PET stock opened at C$17.99 on Friday. The company has a 50 day moving average price of C$20.74 and a two-hundred day moving average price of C$25.66. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 13.13 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.

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

Insider Transactions at Pet Valu

In related news, insider Gregory Mark Ramier purchased 2,800 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the purchase, the insider owned 2,800 shares in the company, valued at approximately C$50,092. This represents a ∞ increase in their ownership of the stock. Also, Director Matthew Reindel purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at C$85,450. This represents a ∞ increase in their ownership of the stock. Over the last quarter, insiders purchased 17,800 shares of company stock valued at $308,142. 0.29% of the stock is currently owned by corporate insiders.

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.