Raymond James Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target lowered by equities researchers at Raymond James from C$36.00 to C$34.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 34.02% from the company’s current price. Raymond James also issued estimates for Pet Valu’s Q4 2024 earnings at $0.39 EPS and FY2025 earnings at $1.50 EPS.

Several other research firms also recently commented on PET. Barclays decreased their target price on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada increased their price objective on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday.

Pet Valu Stock Performance

PET stock opened at C$25.37 on Wednesday. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90. The company has a market capitalization of C$1.82 billion, a PE ratio of 22.25 and a beta of 0.81. The stock’s fifty day moving average is C$25.54.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.06. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. The company had revenue of C$276.03 million during the quarter, compared to analysts’ expectations of C$267.68 million. Research analysts expect that Pet Valu will post 1.6820546 EPS for the current fiscal year.

About Pet Valu

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.