Raymond James Financial Issues Positive Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its target price lifted by equities research analysts at Raymond James Financial from C$23.00 to C$24.50 in a research note issued on Wednesday, BayStreet reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial‘s target price suggests a potential upside of 4.39% from the stock’s current price.

Several other research firms also recently issued reports on PET. Canadian Imperial Bank of Commerce raised shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Stifel Nicolaus upped their price objective on shares of Pet Valu from C$23.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their target price on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Royal Bank Of Canada lifted their target price on Pet Valu from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins boosted their price target on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$26.61.

Pet Valu Trading Up 1.4%

TSE:PET traded up C$0.32 during mid-day trading on Wednesday, hitting C$23.47. The company had a trading volume of 296,169 shares, compared to its average volume of 216,044. The business has a fifty day simple moving average of C$18.98 and a 200-day simple moving average of C$20.78. Pet Valu has a 1 year low of C$16.58 and a 1 year high of C$30.11. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 EPS for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The company had revenue of C$299.52 million for the quarter. As a group, research analysts anticipate that Pet Valu will post 1.68 earnings per share for the current year.

Pet Valu Company Profile

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.