Zoetis Inc. (ZTS) Earns “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Zoetis Inc. (NYSE:ZTS) in a research report sent to investors on Friday morning. Jefferies Group also issued estimates for Zoetis’ FY2017 earnings at $2.39 EPS, FY2018 earnings at $2.79 EPS, FY2019 earnings at $3.21 EPS, FY2020 earnings at $3.63 EPS and FY2021 earnings at $4.00 EPS.
ZTS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Zoetis from a hold rating to a buy rating and set a $71.00 price target on the stock in a research note on Thursday, October 12th. Cantor Fitzgerald reiterated a buy rating and issued a $75.00 price target on shares of Zoetis in a research note on Wednesday, September 6th. BidaskClub cut shares of Zoetis from a hold rating to a sell rating in a research note on Friday, October 6th. Morgan Stanley upped their price target on shares of Zoetis from $61.00 to $70.00 and gave the stock an equal weight rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $62.00 price target on shares of Zoetis in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Zoetis currently has a consensus rating of Buy and an average target price of $67.06.
Shares of Zoetis (NYSE ZTS) opened at $69.13 on Friday. The firm has a market cap of $33,686.22, a PE ratio of 31.71, a PEG ratio of 2.02 and a beta of 1.02. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95. Zoetis has a 1 year low of $48.24 and a 1 year high of $70.48.
Zoetis (NYSE:ZTS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Zoetis had a net margin of 18.29% and a return on equity of 62.39%. Zoetis’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. research analysts anticipate that Zoetis will post 2.36 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.61%. The ex-dividend date is Wednesday, November 8th. Zoetis’s dividend payout ratio is currently 22.11%.
Several large investors have recently modified their holdings of ZTS. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Zoetis by 16.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock worth $100,000 after purchasing an additional 230 shares during the period. Harfst & Associates Inc. lifted its stake in shares of Zoetis by 16.1% in the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock worth $117,000 after purchasing an additional 260 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of Zoetis in the 2nd quarter worth approximately $119,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Zoetis by 251.9% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock worth $121,000 after purchasing an additional 1,360 shares during the period. Finally, Peddock Capital Advisors LLC bought a new position in shares of Zoetis in the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.
Zoetis Company Profile
Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.
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