Pet Valu (TSE:PET) has received a significant boost from Canadian Imperial Bank of Commerce, which upgraded the stock to a "strong-buy" rating in a report released on Wednesday. This upgrade comes amidst a series of recent analyses from other firms, reflecting mixed sentiments about the company's prospects.
Barclays raised its price target for Pet Valu from C$17.00 to C$19.00 on August 12th, while Royal Bank of Canada decreased its target from C$26.00 to C$24.00 on July 28th, maintaining an "outperform" rating. Raymond James Financial lowered its rating from "outperform" to "market perform" but increased its price target from C$21.00 to C$23.00. National Bank Financial also lifted its target price from C$22.00 to C$23.00, assigning a "sector perform" rating.
Currently, two analysts rate Pet Valu as a "strong buy," four as a "buy," and three as a "hold," giving the stock an average "moderate buy" rating with a target price of C$24.89. Shares of Pet Valu opened at C$18.68 on Wednesday, with a market cap of C$1.26 billion, a PE ratio of 13.06, and a beta of 1.01. The stock has a 50-day moving average of C$18.55 and a 200-day moving average of C$19.13.
Pet Valu reported earnings of C$0.41 per share for the last quarter, with revenue of C$290.68 million. The company has a 12-month low of C$16.58 and a high of C$36.52. Analysts predict the company will post 1.68 EPS for the current year.