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

Pet Valu Holdings Ltd. (TSE:PET) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$24.56.

A number of equities analysts have recently weighed in on the stock. National Bank Financial dropped their price target on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 13th. Desjardins reduced their price objective on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. TD Securities upgraded Pet Valu to a “strong-buy” rating in a research note on Thursday, May 21st. Royal Bank Of Canada dropped their target price on Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Raymond James Financial cut their price target on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th.

Insider Activity at Pet Valu

In other news, Director Carmine Fortino acquired 10,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately C$172,600. This represents a ∞ increase in their position. Also, insider Gregory Mark Ramier acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the acquisition, the insider directly owned 2,800 shares of the company’s stock, valued at C$50,092. The trade was a ∞ increase in their position. In the last quarter, insiders bought 17,800 shares of company stock valued at $308,142. 0.29% of the stock is owned by corporate insiders.

Pet Valu Stock Performance

PET stock opened at C$18.89 on Friday. The firm has a 50 day simple moving average of C$18.78 and a 200 day simple moving average of C$23.43. Pet Valu has a 52 week low of C$16.58 and a 52 week high of C$39.24. The stock has a market cap of C$1.29 billion, a P/E ratio of 13.79 and a beta of 1.13.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share for the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. The firm had revenue of C$287.94 million for the quarter. Sell-side 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.