Pet Valu (TSE:PET) Price Target Lowered to C$22.00 at National Bank Financial

Pet Valu (TSE:PET) had its target price lowered by National Bank Financial from C$27.00 to C$22.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 26.15% from the company’s previous close.

A number of other research firms have also recently commented on PET. Barclays cut Pet Valu from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$28.00 to C$17.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce decreased their price target on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday. Stifel Nicolaus decreased their price target on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a research note on Wednesday. Desjardins decreased their price target on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Raymond James Financial decreased their price target on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pet Valu has an average rating of “Moderate Buy” and a consensus price target of C$24.56.

Pet Valu Price Performance

PET traded up C$0.44 during trading hours on Wednesday, reaching C$17.44. The company’s stock had a trading volume of 372,558 shares, compared to its average volume of 221,750. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24. The stock has a market cap of C$1.20 billion, a PE ratio of 12.55 and a beta of 1.27. The business’s 50-day moving average is C$21.77 and its 200-day moving average is C$26.55.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%.The firm had revenue of C$287.94 million for the quarter. Analysts expect that Pet Valu will post 1.6820546 EPS for the current 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.