Pet Valu Holdings Ltd. (TSE:PET) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$24.56.

A number of research analysts recently commented on PET shares. Barclays lowered shares of Pet Valu from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Desjardins lowered their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered their price objective on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, TD Securities upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Thursday, May 21st.

Insiders Place Their Bets

In other Pet Valu news, Director Carmine Fortino purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of C$17.26 per share, for a total transaction of C$172,600.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at C$172,600. This represents a ∞ increase in their position. Also, Director Matthew Reindel purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$17.09 per share, for a total transaction of C$85,450.00. Following the transaction, the director owned 5,000 shares of the company’s stock, valued at C$85,450. The trade was a ∞ increase in their position. Over the last 90 days, insiders have acquired 17,800 shares of company stock worth $308,142. 0.29% of the stock is owned by insiders.

Pet Valu Stock Performance

TSE:PET opened at C$18.45 on Tuesday. Pet Valu has a 1 year low of C$16.58 and a 1 year high of C$39.24. The stock has a market cap of C$1.26 billion, a price-to-earnings ratio of 13.47 and a beta of 1.15. The business has a fifty day moving average of C$19.86 and a 200-day moving average of C$24.76.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The company had revenue of C$287.94 million during the quarter. On average, equities research analysts predict that Pet Valu will post 1.6820546 EPS for the current year.

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.