Pet Valu Holdings Ltd. (TSE:PET) Stock Has Average Price Target of C$24.89

Shares of Pet Valu Holdings Ltd. (TSE:PET) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$24.89.

PET has been the topic of several recent analyst reports. Raymond James Financial lowered shares of Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Barclays lifted their price target on shares of Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. National Bank Financial lifted their price target on shares of Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada decreased their price objective on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th.

Pet Valu Stock Performance

Shares of Pet Valu stock opened at C$19.02 on Monday. The business’s 50 day moving average price is C$18.52 and its 200 day moving average price is C$19.06. The company has a market cap of C$1.28 billion, a price-to-earnings ratio of 13.30 and a beta of 1.01. Pet Valu has a one year low of C$16.58 and a one year high of C$36.52.

Pet Valu (TSE:PET) last issued its earnings results on Tuesday, August 11th. The company reported C$0.41 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The business had revenue of C$290.68 million during the quarter. On average, analysts predict that Pet Valu will post 1.68 EPS for the current fiscal year.

About Pet Valu

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.