Pet Valu (TSE:PET) Cut to “Hold” at National Bank Financial

National Bank Financial lowered shares of Pet Valu (TSE:PET) from an outperform rating to a hold rating in a research note published on Wednesday morning, MarketBeat Ratings reports. National Bank Financial currently has C$28.00 price objective on the stock, down from their previous price objective of C$37.00.

PET has been the subject of several other research reports. Barclays cut their price objective on Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Canadian Imperial Bank of Commerce cut shares of Pet Valu from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$36.00 to C$28.00 in a research report on Wednesday. Royal Bank Of Canada reduced their price objective on shares of Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, TD Securities dropped their target price on shares of Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Price Performance

PET opened at C$24.33 on Wednesday. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 17.76 and a beta of 1.02. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$39.24. The business has a 50 day moving average price of C$28.24 and a two-hundred day moving average price of C$31.58.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.42 earnings per share (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$326.36 million during the quarter. Equities analysts expect that Pet Valu will post 1.6820546 EPS for the current fiscal 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.