Pet Valu Holdings Ltd. (TSE:PET) Receives C$24.56 Consensus Target Price from Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$24.56.

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada cut their price target on Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. National Bank Financial reduced their price objective on Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 13th. ATB Cormark Capital Markets reduced their price objective on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Barclays lowered Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Finally, TD Securities upgraded Pet Valu to a “strong-buy” rating in a research note on Thursday, May 21st.

Pet Valu Stock Down 1.5%

Pet Valu stock opened at C$18.68 on Tuesday. The business has a 50-day simple moving average of C$19.60 and a two-hundred day simple moving average of C$24.41. The company has a market cap of C$1.27 billion, a P/E ratio of 13.64 and a beta of 1.15. Pet Valu has a 52-week low of C$16.58 and a 52-week high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings results 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 117.77% and a net margin of 8.11%. Research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Insider Transactions at Pet Valu

In other news, insider Gregory Mark Ramier bought 2,800 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were bought at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the purchase, the insider owned 2,800 shares in the company, valued at approximately C$50,092. The trade was a ∞ increase in their ownership of the stock. Also, Director Matthew Reindel purchased 5,000 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$85,450. This represents a ∞ increase in their ownership of the stock. Insiders purchased 17,800 shares of company stock worth $308,142 in the last three months. Corporate insiders own 0.29% of the company’s stock.

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.