Pet Valu Holdings Ltd. (TSE:PET) Receives Average Rating of “Moderate Buy” from Analysts

Pet Valu Holdings Ltd. (TSE:PET) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$24.56.

A number of research analysts recently weighed in on the stock. Raymond James Financial decreased their target price on shares of Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. National Bank Financial decreased their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. Stifel Nicolaus decreased their price objective on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and cut their target price for the company from C$28.00 to C$17.00 in a research note on Wednesday, May 13th.

Pet Valu Trading Down 1.0%

Pet Valu stock opened at C$18.45 on Tuesday. The company has a market cap of C$1.26 billion, a P/E ratio of 13.47 and a beta of 1.15. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24. The company has a fifty day simple moving average of C$19.86 and a 200 day simple moving average of C$24.76.

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

Insider Buying and Selling

In related news, Director Matthew Reindel bought 5,000 shares of Pet Valu stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of C$17.09 per share, with a total value of C$85,450.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately C$85,450. This represents a ∞ increase in their position. Also, Director Carmine Fortino bought 10,000 shares of Pet Valu stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of C$17.26 per share, with a total value of C$172,600.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at C$172,600. This trade represents a ∞ increase in their position. In the last 90 days, insiders purchased 17,800 shares of company stock valued at $308,142. Company insiders own 0.29% of the company’s stock.

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.