Pet Valu Holdings Ltd. (TSE:PET) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$24.56.

PET has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. TD Securities upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Thursday, May 14th. National Bank Financial cut their price objective on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Barclays lowered shares of Pet Valu from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Finally, Raymond James Financial cut their price objective on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th.

Pet Valu Trading Down 2.4%

Shares of Pet Valu stock opened at C$17.25 on Friday. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$39.24. The firm has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 12.59 and a beta of 1.27. The firm’s 50 day simple moving average is C$20.98 and its two-hundred day simple moving average is C$25.90.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The business had revenue of C$287.94 million for the quarter. On average, sell-side analysts predict that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pet Valu news, Director Matthew Reindel acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$17.09 per share, for a total transaction of C$85,450.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at C$85,450. The trade was a ∞ increase in their ownership of the stock. Also, Director Carmine Fortino acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of C$17.26 per share, for a total transaction of C$172,600.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately C$172,600. This trade represents a ∞ increase in their ownership of the stock. 0.29% of the stock is owned by corporate insiders.

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.