Pet Valu (TSE:PET) Price Target Cut to C$30.00 by Analysts at TD Securities

Pet Valu (TSE:PET) had its target price decreased by TD Securities from C$32.00 to C$30.00 in a research note released on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Barclays lowered their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a report on Wednesday. Cibc World Mkts raised Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th. Raymond James reduced their price target on shares of Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday.

Pet Valu Stock Up 0.2 %

Shares of PET opened at C$24.95 on Wednesday. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90. The business’s 50-day moving average is C$25.51. The company has a market capitalization of C$1.79 billion, a P/E ratio of 21.89 and a beta of 0.81.

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, beating the consensus estimate of C$0.35 by C$0.06. The firm had revenue of C$276.03 million for the quarter, compared to analyst estimates of C$267.68 million. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. On average, research analysts predict that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Pet Valu Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, November 29th. Pet Valu’s dividend payout ratio is currently 38.60%.

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.