Pet Valu Holdings Ltd. (TSE:PET) Receives C$24.33 Average Price Target from Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$24.33.

A number of equities research analysts have recently commented on PET shares. TD Securities raised Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. Royal Bank Of Canada lowered their price target on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Stifel Nicolaus cut their price objective on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. ATB Cormark Capital Markets decreased their target price on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Raymond James Financial lowered their target price on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th.

Insider Activity

In other news, Director Carmine Fortino bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at C$172,600. This represents a ∞ increase in their position. Also, insider Gregory Mark Ramier acquired 2,800 shares of Pet Valu stock in a transaction dated Thursday, May 21st. The stock was purchased at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the purchase, the insider directly owned 2,800 shares in the company, valued at approximately C$50,092. This represents a ∞ increase in their ownership of the stock. Insiders purchased 17,800 shares of company stock valued at $308,142 in the last ninety days. Company insiders own 0.29% of the company’s stock.

Pet Valu Stock Performance

Shares of PET opened at C$19.34 on Wednesday. Pet Valu has a 1 year low of C$16.58 and a 1 year high of C$39.24. The company’s 50 day simple moving average is C$18.71 and its 200 day simple moving average is C$21.98. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 14.12 and a beta of 1.14.

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