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

Pet Valu (TSE:PET) had its target price upped by analysts at Stifel Nicolaus from C$23.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price would indicate a potential upside of 15.04% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of Pet Valu from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bank Financial raised Pet Valu from a “hold” rating to an “outperform” rating and increased their price target for the company from C$23.00 to C$24.00 in a research note on Monday, November 2nd. Raymond James Financial cut shares of 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 lifted their price target on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Finally, Desjardins raised their target price on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$26.61.

Pet Valu Trading Up 1.4%

Shares of PET traded up C$0.32 during mid-day trading on Wednesday, reaching C$23.47. The company had a trading volume of 296,169 shares, compared to its average volume of 216,044. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$30.11. The stock has a market cap of C$1.58 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16. The firm has a fifty day simple moving average of C$18.98 and a 200-day simple moving average of C$20.78.

Pet Valu (TSE:PET) last issued its earnings results on Tuesday, November 10th. The company reported C$0.44 EPS for the quarter. The business had revenue of C$299.52 million for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. As a group, equities 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.