Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Rating of “Moderate Buy” by Analysts

Pet Valu Holdings Ltd. (TSE:PET) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$24.56.

A number of research analysts have recently commented on the company. Desjardins cut their target price 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, May 13th. Barclays lowered 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, May 13th. ATB Cormark Capital Markets dropped their price objective on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. TD Securities raised Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, National Bank Financial reduced their target price on Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th.

Pet Valu Price Performance

Shares of Pet Valu stock traded up C$0.16 during trading on Friday, hitting C$18.82. The stock had a trading volume of 120,889 shares, compared to its average volume of 240,972. The firm’s fifty day simple moving average is C$18.53 and its 200-day simple moving average is C$23.08. The stock has a market cap of C$1.28 billion, a PE ratio of 13.74 and a beta of 1.13. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$39.24.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The company had revenue of C$287.94 million for the quarter. Analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Insider Transactions at Pet Valu

In related news, insider Gregory Mark Ramier purchased 2,800 shares of Pet Valu stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of C$17.89 per share, with a total value of C$50,092.00. Following the purchase, the insider directly owned 2,800 shares of the company’s stock, valued at approximately C$50,092. This represents a ∞ increase in their position. Also, Director Matthew Reindel acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of C$17.09 per share, with a total value of C$85,450.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at C$85,450. This represents a ∞ increase in their ownership of the stock. Over the last ninety days, insiders have purchased 17,800 shares of company stock worth $308,142. Insiders own 0.29% of the company’s stock.

About Pet Valu

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.