Pet Valu (TSE:PET) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Pet Valu (TSE:PET) from a hold rating to an outperform rating in a research report sent to investors on Monday, MarketBeat reports. National Bank Financial currently has C$24.00 price target on the stock, up from their prior price target of C$23.00.

A number of other research firms also recently weighed in on PET. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. Barclays raised their price target on Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Royal Bank Of Canada lowered their price objective on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce raised Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$25.00.

Pet Valu Stock Up 2.3%

Shares of TSE PET opened at C$21.74 on Monday. Pet Valu has a 12-month low of C$16.58 and a 12-month high of C$30.74. The firm’s 50-day simple moving average is C$18.72 and its 200 day simple moving average is C$20.93. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 15.20 and a beta of 1.16.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$290.68 million for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. On average, equities analysts expect that Pet Valu will post 1.68 earnings per share for the current year.

About Pet Valu

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.