Jefferies analyst Kevin Grundy maintained a Buy rating on Petiq Inc (NASDAQ: PETQ) today and set a price target of $30. The company’s shares opened today at $23.15.
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 5.3% and a 66.7% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.
Petiq Inc has an analyst consensus of Strong Buy, with a price target consensus of $29.33.
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Based on Petiq Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.03 million. In comparison, last year the company had a net profit of $4.28 million.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PETQ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PetIQ, Inc. is a holding company, which engages in the manufacture, procurement, packaging, and distribution of pet health and wellness products. It operates through the Domestic and International segments. The Domestic segment involves the Unites States and Canada markets. The International segment deals with Europe.
