Pet Valu (TSE:PET) Stock Rating Upgraded by National Bank Financial

Pet Valu (TSE:PET) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to an “outperform” rating in a research report issued on Monday, MarketBeat reports. The brokerage currently has a C$24.00 target price on the stock, up from their previous target price of C$23.00. National Bank Financial‘s target price would indicate a potential upside of 13.85% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Raymond James Financial cut Pet Valu from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Barclays boosted their price target on Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. 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 research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$25.00.

Pet Valu Trading Up 5.7%

PET opened at C$21.08 on Monday. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$35.74. The company has a market capitalization of C$1.42 billion, a PE ratio of 14.74 and a beta of 1.01. The firm’s 50 day simple moving average is C$18.61 and its two-hundred day simple moving average is C$21.01.

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