TD Securities Issues Pessimistic Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target reduced by TD Securities from C$32.00 to C$30.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 20.29% from the company’s current price.

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

Pet Valu Stock Up 0.2 %

Shares of TSE:PET traded up C$0.04 during trading hours on Wednesday, reaching C$24.94. The stock had a trading volume of 61,183 shares, compared to its average volume of 70,952. The stock has a market cap of C$1.78 billion, a PE ratio of 22.02 and a beta of 0.81. 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.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.35 by C$0.06. The firm had revenue of C$276.03 million for the quarter, compared to analyst estimates of C$267.68 million. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. Equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Pet Valu Company Profile

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.