TD Securities Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target dropped by analysts at TD Securities from C$40.00 to C$34.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 37.43% from the company’s current price.

Several other analysts have also commented on the company. Desjardins set a C$38.00 target price on Pet Valu and gave the stock a “buy” rating in a report on Friday, December 19th. Canadian Imperial Bank of Commerce cut shares of Pet Valu from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$36.00 to C$28.00 in a research note on Wednesday. Barclays decreased their target price on Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th. Royal Bank Of Canada reduced their target price on shares of Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Pet Valu from C$40.00 to C$37.00 in a research note on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$31.94.

Pet Valu Trading Down 1.8%

Shares of Pet Valu stock traded down C$0.45 on Wednesday, hitting C$24.74. 465,402 shares of the company traded hands, compared to its average volume of 167,686. The company has a market cap of C$1.71 billion, a PE ratio of 18.06 and a beta of 0.87. The stock’s 50 day moving average price is C$28.45 and its 200-day moving average price is C$31.77. Pet Valu has a 52 week low of C$22.53 and a 52 week high of C$39.24.

Pet Valu (TSE:PET) last issued its earnings results on Tuesday, March 3rd. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a return on equity of 115.89% and a net margin of 8.51%. As a group, research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal 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.