Pet Valu (TSE:PET) Sets New 1-Year Low – What’s Next?

Shares of Pet Valu Holdings Ltd. (TSE:PET) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$22.51 and last traded at C$22.55, with a volume of 153508 shares traded. The stock had previously closed at C$22.74.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. National Bank Financial lowered shares of Pet Valu from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$37.00 to C$28.00 in a report on Wednesday, March 4th. Raymond James Financial dropped their target price on shares of Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Royal Bank Of Canada cut their target price on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Desjardins reduced their price target on shares of Pet Valu from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, TD Securities cut 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 research note on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Pet Valu currently has an average rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Trading Down 1.2%

The stock has a fifty day simple moving average of C$27.47 and a 200-day simple moving average of C$30.69. The company has a market capitalization of C$1.50 billion, a PE ratio of 15.67 and a beta of 1.02.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. The business had revenue of C$326.36 million for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. As a group, equities research analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current 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.