Petiq Inc Receives a Buy from Jefferies


In a report released yesterday, Kevin Grundy from Jefferies reiterated a Buy rating on Petiq Inc (NASDAQ: PETQ), with a price target of $30. The company’s shares closed yesterday at $19.34.

Grundy commented:

“PETQ printed a strong 1Q, incl. sales at the high end of guidance (provided 4/11) and EBITDA +4% vs. Street, amidst cautious sentiment from poor weather. FY18 guide was reiterated and encouraging commentary on 2Q should be enough despite GM % shortfall given low bar (29% short interest).”

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.8% and a 57.4% 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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Petiq Inc’s market cap is currently $255.7M and has a P/E ratio of 36.48. The company has a Price to Book ratio of 3.83.

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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.

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