TD Securities Lowers Pet Valu (TSE:PET) Price Target to C$30.00

Pet Valu (TSE:PET) had its target price dropped by investment analysts at TD Securities from C$32.00 to C$30.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 20.29% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays cut their target price on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Royal Bank of Canada upped their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. Raymond James reduced their target price on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday. Finally, Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Stock Performance

Shares of TSE PET traded up C$0.04 during mid-day trading on Wednesday, hitting C$24.94. 61,183 shares of the company were exchanged, compared to its average volume of 70,952. The business’s 50 day moving average is C$25.50. Pet Valu has a 1-year low of C$23.58 and a 1-year high of C$32.90. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 22.02 and a beta of 0.81.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.35 by C$0.06. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. The company had revenue of C$276.03 million during the quarter, compared to analysts’ expectations of C$267.68 million. On average, equities analysts anticipate that Pet Valu will post 1.6820546 EPS for the current year.

About Pet Valu

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.