TD Securities Lowers Pet Valu (TSE:PET) Price Target to C$30.00

Pet Valu (TSE:PET) had its target price dropped by equities research analysts at TD Securities from C$32.00 to C$30.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 18.25% from the stock’s previous close.

A number of other research firms have also commented on PET. Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a report on Wednesday, August 7th. Barclays cut their target price on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Raymond James decreased their price target on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday.

Pet Valu Trading Up 1.7 %

Shares of PET opened at C$25.37 on Wednesday. The stock has a market cap of C$1.82 billion, a price-to-earnings ratio of 22.25 and a beta of 0.81. Pet Valu has a fifty-two week low of C$23.58 and a fifty-two week high of C$32.90. The business has a 50-day moving average price of C$25.54.

Pet Valu (TSE:PET) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.35 by C$0.06. The company had revenue of C$276.03 million for the quarter, compared to analyst estimates of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. As a group, sell-side analysts predict that Pet Valu will post 1.6820546 EPS for the current 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.