Raymond James Financial Cuts Pet Valu (TSE:PET) Price Target to C$31.50

Pet Valu (TSE:PET) had its price objective cut by Raymond James Financial from C$40.00 to C$31.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

PET has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut Pet Valu from an “outperform” rating to a “hold” rating and cut their price target for the company from C$36.00 to C$28.00 in a report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Desjardins set a C$38.00 target price on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. TD Securities reduced their target price on shares of Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price target on shares of Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Pet Valu currently has an average rating of “Moderate Buy” and an average target price of C$31.94.

Pet Valu Price Performance

PET stock opened at C$24.33 on Wednesday. The business has a fifty day moving average price of C$28.24 and a 200 day moving average price of C$31.58. Pet Valu has a fifty-two week low of C$22.53 and a fifty-two week high of C$39.24. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 17.76 and a beta of 1.02.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. The company had revenue of C$326.36 million for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. On average, equities analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Company Profile

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.