Pet Valu Holdings Ltd. (TSE:PET) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Pet Valu Holdings Ltd. (TSE:PET) have received a consensus rating of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$38.89.

A number of research firms recently weighed in on PET. Stifel Nicolaus dropped their price target on shares of Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. TD Securities reduced their target price on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada lowered their price target on shares of Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. CIBC lowered their target price on Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th. Finally, Barclays reduced their price target on shares of Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday, November 5th.

Pet Valu Price Performance

Shares of PET opened at C$29.04 on Tuesday. The firm has a 50 day simple moving average of C$31.37 and a two-hundred day simple moving average of C$33.75. The company has a market cap of C$2.00 billion, a P/E ratio of 21.20 and a beta of 0.80. Pet Valu has a one year low of C$22.53 and a one year high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.40 earnings per share for the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%.The company had revenue of C$289.46 million for the quarter. On average, analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. Pet Valu’s dividend payout ratio (DPR) is currently 34.31%.

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.