In a report released today, Kevin Grundy from Jefferies reiterated a Buy rating on Petiq Inc (PETQ), with a price target of $39. The company’s shares opened today at $24.63.
Grundy said:
“PETQ remains our top small-cap growth idea post our mgmt meetings / co.’s bullish presentation at the ICR conf. in Orlando, FL. Mgmt underscored secular tailwinds in the attractive pet health industry remain very much in place, the co.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.6% and a 58.8% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Interlink Electronics, Inc., and Constellation Brands Inc.
Currently, the analyst consensus on Petiq Inc is a Strong Buy with an average price target of $43.67.
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The company has a one-year high of $43.93 and a one-year low of $17.56. Currently, Petiq Inc has an average volume of 459.5K.
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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.
