Pet Valu (TSE:PET) Trading Down 14% – What’s Next?

Pet Valu Holdings Ltd. (TSE:PET) traded down 14% during trading on Tuesday . The company traded as low as C$23.91 and last traded at C$24.30. 460,497 shares traded hands during mid-day trading, an increase of 198% from the average session volume of 154,311 shares. The stock had previously closed at C$28.27.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PET. TD Securities dropped their target price on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Desjardins set a C$38.00 price objective on Pet Valu and gave the stock a “buy” rating in a research report on Friday, December 19th. Stifel Nicolaus lowered their price objective on Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. Canadian Imperial Bank of Commerce decreased their price target on shares of Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada cut their target price on Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$38.56.

Pet Valu Stock Down 10.8%

The company has a market capitalization of C$1.74 billion, a P/E ratio of 18.42 and a beta of 0.87. The business’s 50-day moving average is C$28.50 and its two-hundred day moving average is C$31.85.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a net margin of 8.51% and a return on equity of 115.89%. Analysts predict that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current 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.