Cormark Has Optimistic Outlook of Pet Valu FY2025 Earnings

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Investment analysts at Cormark raised their FY2025 earnings per share (EPS) estimates for Pet Valu in a research note issued to investors on Wednesday, March 5th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $1.61 per share for the year, up from their previous forecast of $1.56. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. Cormark also issued estimates for Pet Valu's FY2026 earnings at $1.68 EPS and FY2027 earnings at $1.95 EPS.

Several other research firms have also recently issued reports on PET. Barclays boosted their price objective on shares of Pet Valu from C$27.00 to C$32.00 in a research report on Wednesday, March 5th. CIBC increased their price objective on Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. Stifel Nicolaus lifted their target price on Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday, March 5th. Finally, TD Securities increased their price target on Pet Valu from C$30.00 to C$32.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of C$32.42.

Pet Valu Stock Performance

PET stock traded down C$0.90 during midday trading on Friday, reaching C$25.87. The company's stock had a trading volume of 72,682 shares, compared to its average volume of 52,990. The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 21.33 and a beta of 0.81. Pet Valu has a 1 year low of C$23.32 and a 1 year high of C$32.74. The stock has a fifty day simple moving average of C$25.52 and a two-hundred day simple moving average of C$25.56.

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Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.