J.P. Morgan analyst Kenneth Goldman maintained a Buy rating on Freshpet (FRPT) today and set a price target of $75.00. The company’s shares closed last Friday at $71.05.
According to TipRanks.com, Goldman is a 5-star analyst with an average return of 7.3% and a 59.6% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Sanderson Farms, and TreeHouse Foods.
Currently, the analyst consensus on Freshpet is a Moderate Buy with an average price target of $81.33, implying a 15.0% upside from current levels. In a report issued on April 15, Stifel Nicolaus also reiterated a Buy rating on the stock with a $77.00 price target.
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The company has a one-year high of $81.30 and a one-year low of $35.96. Currently, Freshpet has an average volume of 494.5K.
Based on the recent corporate insider activity of 25 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 FRPT in relation to earlier this year.
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Freshpet, Inc. engages in the manufacturing, marketing, and distribution of pet food and pet treats for dogs and cats. Its products are sold throughout the United States and in Canada under the Freshpet Select, Vital and Nature’s Fresh brands. Its products include deli fresh grain free chicken recipe for dogs; dog joy turkey and apple bites treats for dogs; nature’s fresh grain free chicken recipe for cats; and vital grain free chicken and ocean whitefish recipe for cats. The company was founded by Scott Morris and Cathal Walsh in November 2004 and is headquartered in Secaucus, NJ.
