Pet Valu (TSE:PET) Stock Rating Lowered by Cormark

Pet Valu (TSE:PET) was downgraded by equities research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports. Cormark also issued estimates for Pet Valu’s FY2024 earnings at $1.50 EPS, FY2025 earnings at $1.56 EPS, FY2026 earnings at $1.67 EPS and FY2027 earnings at $2.00 EPS.

A number of other research analysts have also commented on the company. TD Securities cut their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research note on Wednesday. Raymond James cut their target price on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday. 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 target price on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday. Finally, Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Stock Up 0.2 %

PET opened at C$24.95 on Wednesday. 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$1.79 billion, a PE ratio of 21.89 and a beta of 0.81. The company has a 50 day simple moving average of C$25.51.

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