Pet Valu (TSE:PET) Hits New 1-Year Low – Time to Sell?

Pet Valu Holdings Ltd. (TSE:PET)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$19.85 and last traded at C$19.94, with a volume of 24976 shares trading hands. The stock had previously closed at C$20.17.

Analyst Ratings Changes

A number of research firms have recently commented on PET. National Bank Financial dropped their target price on Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce lowered shares of Pet Valu from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$36.00 to C$28.00 in a research note on Wednesday, March 4th. Raymond James Financial decreased their price target on shares of Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Barclays decreased their price target on shares of Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus decreased their price target on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$31.17.

Pet Valu Stock Performance

The stock’s 50 day simple moving average is C$22.38 and its two-hundred day simple moving average is C$26.91. The firm has a market capitalization of C$1.34 billion, a PE ratio of 14.04 and a beta of 1.27.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, March 3rd. The company reported C$0.49 earnings per share for the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. The business had revenue of C$326.36 million for the quarter. Equities research analysts expect that Pet Valu Holdings Ltd. will post 1.6820546 earnings per share 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.