Analysts Set PetIQ (PETQ) PT at $27.40

Shares of PetIQ (NASDAQ:PETQ) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $27.40.

A number of equities research analysts have commented on the company. BidaskClub upgraded PetIQ from a “hold” rating to a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded PetIQ from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, March 16th. Finally, Jefferies Group reiterated a “buy” rating and issued a $27.00 price target on shares of PetIQ in a research report on Monday, January 8th.

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In other PetIQ news, CEO Mccord Christensen sold 40,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $24.92, for a total value of $996,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Newland sold 5,500 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $24.83, for a total value of $136,565.00. The disclosure for this sale can be found here.

Institutional investors have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in shares of PetIQ during the 3rd quarter valued at about $131,000. Keeler Thomas Management LLC bought a new stake in shares of PetIQ during the 4th quarter valued at about $131,000. Wells Fargo & Company MN bought a new stake in shares of PetIQ during the 3rd quarter valued at about $204,000. Gotham Asset Management LLC bought a new stake in shares of PetIQ during the 4th quarter valued at about $264,000. Finally, California State Teachers Retirement System bought a new stake in shares of PetIQ during the 3rd quarter valued at about $320,000. Institutional investors own 37.02% of the company’s stock.

NASDAQ PETQ opened at $26.60 on Wednesday. PetIQ has a 12 month low of $17.03 and a 12 month high of $28.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.99 and a quick ratio of 3.56.

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About PetIQ

PetIQ, Inc is engaged in manufacturing and distributing pet medication and health and wellness products to the retail channel in the United States. The Company provides retail stores with third-party brands, including Frontline Plus, Heartgard Plus, PetAction Plus, Advecta II, Pet Lock Plus, Pet Lock Max, TruProfen and Heartshield.

Analyst Recommendations for PetIQ (NASDAQ:PETQ)

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