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

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned a consensus rating of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$38.56.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Pet Valu from C$43.00 to C$40.00 in a report on Wednesday, November 5th. 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. Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Securities reduced their target price on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, CIBC decreased their target price on shares of Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th.

Pet Valu Stock Performance

PET opened at C$27.92 on Friday. The business’s 50-day simple moving average is C$28.52 and its 200-day simple moving average is C$33.26. Pet Valu has a one year low of C$22.53 and a one year high of C$39.24. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 20.38 and a beta of 0.86.

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

Pet Valu Dividend Announcement

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

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.