Research Analysts’ Recent Ratings Updates for Pet Valu (PET)

Several brokerages have updated their recommendations and price targets on shares of Pet Valu (TSE: PET) in the last few weeks:

• 11/6/2024 – Pet Valu was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating.
• 11/6/2024 – Pet Valu had its price target lowered by analysts at TD Securities from C$32.00 to C$30.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Pet Valu had its price target lowered by analysts at Raymond James from C$36.00 to C$34.00.
• 11/6/2024 – Pet Valu had its price target raised by analysts at Royal Bank of Canada from C$34.00 to C$35.00.
• 11/6/2024 – Pet Valu had its price target lowered by analysts at Barclays PLC from C$28.00 to C$27.00.

Pet Valu Price Performance

Pet Valu stock opened at C$25.91 on Friday. The stock has a market capitalization of C$1.85 billion, a PE ratio of 22.73 and a beta of 0.81. Pet Valu Holdings Ltd. has a 12 month low of C$23.58 and a 12 month high of C$32.90. The firm has a 50 day simple moving average of C$25.66.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts forecast that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current fiscal year.

Pet Valu Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.11 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. Pet Valu’s dividend payout ratio is currently 38.60%.

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.