Pet Valu Holdings Ltd. (TSE:PET) Stock Rated “Buy” by Sell-Side Analysts

Pet Valu Holdings Ltd. (TSE:PET) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$26.61.

A number of research firms have weighed in on PET. Raymond James Financial raised their price target on Pet Valu from C$23.00 to C$24.50 and gave the company a “market perform” rating in a research note on Wednesday. Royal Bank Of Canada upped their price objective on Pet Valu from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial increased their price objective on Pet Valu from C$24.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday. Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Barclays raised their target price on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th.

Pet Valu Trading Down 0.9%

Shares of PET opened at C$22.90 on Friday. Pet Valu has a twelve month low of C$16.58 and a twelve month high of C$30.11. The firm’s fifty day simple moving average is C$19.17 and its 200-day simple moving average is C$20.72. The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 15.58 and a beta of 1.16.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 earnings per share (EPS) for the quarter. The business had revenue of C$299.52 million during the quarter. Pet Valu had a net margin of 8.36% and a return on equity of 107.77%. On average, analysts predict that Pet Valu will post 1.68 earnings per share for the current fiscal year.

Trending Headlines about Pet Valu

Investors following PET have been watching these headlines:

• Positive Sentiment: National Bank Financial raised its target to C$28 from C$24 and kept an “outperform” rating; Desjardins also raised its target to C$28 from C$26 and maintained “buy.” Both targets imply 21.2% upside from C$23.10. National Bank Financial recommendation Desjardins recommendation
• Neutral Sentiment: Raymond James raised its target to C$24.50 from C$23 but maintained a “market perform” rating, signaling a more modest outlook. Raymond James recommendation
• Neutral Sentiment: Pet Valu reported third-quarter and nine-month results, but the supplied reports contain no financial figures to assess whether the results were better or worse than expected. Third-quarter earnings report

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.