Stifel Nicolaus Issues Pessimistic Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price objective decreased by Stifel Nicolaus from C$32.00 to C$23.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 31.88% from the stock’s previous close.

PET has been the topic of a number of other reports. Desjardins cut their target price on shares of Pet Valu from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Canadian Imperial Bank of Commerce cut their target price on shares of Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday. Raymond James Financial cut their target price on shares of Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Barclays cut their target price on shares of Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada cut their target price on shares of Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$24.56.

Pet Valu Stock Performance

Pet Valu stock traded up C$0.44 during trading hours on Wednesday, reaching C$17.44. 372,558 shares of the company’s stock traded hands, 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 firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 12.55 and a beta of 1.27. The firm’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 earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. The company had revenue of C$287.94 million for the quarter. Analysts predict 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.