Zoetis (ZTS) PT Set at $85.00 by Cantor Fitzgerald
Several other equities research analysts have also recently commented on ZTS. BidaskClub cut Zoetis from a strong-buy rating to a buy rating in a research note on Wednesday, September 20th. Zacks Investment Research raised Zoetis from a hold rating to a buy rating and set a $71.00 price target for the company in a research note on Thursday, October 12th. Stifel Nicolaus reissued a buy rating and issued a $65.00 price target on shares of Zoetis in a research note on Tuesday, October 24th. BMO Capital Markets set a $65.00 price target on Zoetis and gave the company a hold rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley boosted their price target on Zoetis from $61.00 to $70.00 and gave the company an equal weight rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $71.94.
Shares of Zoetis (NYSE:ZTS) opened at $75.39 on Thursday. The company has a market capitalization of $36,736.64, a P/E ratio of 34.58, a P/E/G ratio of 1.90 and a beta of 1.06. Zoetis has a 12 month low of $52.00 and a 12 month high of $75.69. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 2.45.
Zoetis (NYSE:ZTS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. The firm’s quarterly 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 expect that Zoetis will post 2.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, January 19th will be issued a $0.126 dividend. This is a positive change from Zoetis’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, January 18th. Zoetis’s payout ratio is 22.11%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Zoetis in the 3rd quarter worth approximately $114,000. Harfst & Associates Inc. lifted its holdings in 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 last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in 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 last quarter. Finally, Shine Investment Advisory Services Inc. lifted its holdings in Zoetis by 86.5% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock worth $143,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.
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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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