Pet Valu (TSE:PET) Price Target Lowered to C$34.00 at Raymond James

Pet Valu (TSE:PET) had its target price dropped by investment analysts at Raymond James from C$36.00 to C$34.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 36.33% from the company’s previous close.

Several other research analysts also recently commented on PET. Royal Bank of Canada increased their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. Barclays reduced their target price on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Finally, Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Trading Up 0.2 %

PET traded up C$0.04 during midday trading on Wednesday, reaching C$24.94. The company had a trading volume of 61,183 shares, compared to its average volume of 70,952. The company’s 50-day moving average price is C$25.50. The firm has a market capitalization of C$1.78 billion, a P/E ratio of 22.02 and a beta of 0.81. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.35 by C$0.06. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The business had revenue of C$276.03 million during the quarter, compared to analyst estimates of C$267.68 million. Research analysts forecast that Pet Valu will post 1.6820546 EPS for the current fiscal 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.