Oppenheimer Sticks to Their Buy Rating for Petiq Inc

By Austin Angelo

In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on Petiq Inc (NASDAQ: PETQ). The company’s shares closed yesterday at $22.81.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.3% and a 57.3% success rate. Nagel covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Dick’s Sporting Goods.

Currently, the analyst consensus on Petiq Inc is Moderate Buy and the average price target is $32, representing a 40.3% upside.

In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $32 price target.

The company has a one-year high of $28.23 and a one-year low of $17.03. Currently, Petiq Inc has an average volume of 210.6K.

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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.