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Zoetis (NYSE:ZTS) shares reached a new 52-week low during trading on Friday , StockRatingsNetwork reports. The company traded as low as $28.44 and last traded at $28.49, with a volume of 1,229,724 shares trading hands. The stock had previously closed at $28.86.

A number of analysts have recently weighed in on ZTS shares. Analysts at Zacks downgraded shares of Zoetis from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 2nd. They now have a $27.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Zoetis to $35.00 in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Zoetis in a research note on Tuesday, February 25th. They now have a $37.00 price target on the stock, down previously from $38.00. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.71.

The stock’s 50-day moving average is $29.75 and its 200-day moving average is $31.12. The company has a market cap of $14.231 billion and a P/E ratio of 28.63.

Zoetis (NYSE:ZTS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoetis’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Zoetis will post $1.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Sunday, April 27th will be given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.

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