Pet Valu (TSE:PET) Given New C$34.00 Price Target at Raymond James

Pet Valu (TSE:PET) had its price target decreased 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 objective would indicate a potential upside of 36.33% from the company’s current price.

A number of other equities research analysts have also recently commented on PET. Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th. Barclays lowered their target price on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday.

Pet Valu Price Performance

Shares of TSE:PET traded up C$0.04 during trading on Wednesday, reaching C$24.94. The stock had a trading volume of 61,183 shares, compared to its average volume of 70,952. The stock has a 50-day moving average of C$25.50. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90. The firm has a market cap of C$1.78 billion, a P/E ratio of 22.02 and a beta of 0.81.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.06. The business 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, analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current year.

Pet Valu Company Profile

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.