Pet Valu (TSE:PET) Price Target Lowered to C$32.00 at Stifel Nicolaus

Pet Valu (TSE:PET) had its target price decreased by stock analysts at Stifel Nicolaus from C$37.00 to C$32.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 29.35% from the stock’s previous close.

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

Pet Valu Stock Down 1.8%

Shares of PET stock traded down C$0.45 during trading hours on Wednesday, hitting C$24.74. 465,402 shares of the company’s stock traded hands, compared to its average volume of 167,686. The stock has a market cap of C$1.71 billion, a PE ratio of 18.06 and a beta of 0.87. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$39.24. The stock’s 50 day simple moving average is C$28.45 and its 200 day simple moving average is C$31.77.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, March 3rd. The company reported C$0.42 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.51% and a return on equity of 115.89%. The business had revenue of C$326.36 million for the quarter. As a group, equities research analysts expect that Pet Valu will post 1.6820546 EPS for the current fiscal year.

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.