Petiq Inc (PETQ) Receives a Buy from Raymond James


In a report released today, John Ransom from Raymond James maintained a Buy rating on Petiq Inc (PETQ), with a price target of $42. The company’s shares opened today at $33.94.

According to TipRanks.com, Ransom is a 5-star analyst with an average return of 9.5% and a 62.4% success rate. Ransom covers the Services sector, focusing on stocks such as Service Corp International, Addus Homecare Corp, and Acadia Healthcare.

Petiq Inc has an analyst consensus of Strong Buy, with a price target consensus of $44.60, implying a 31.4% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $50 price target.

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Based on Petiq Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.5 million. In comparison, last year the company had a GAAP net loss of $226K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.

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.

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