Deutsche Bank AG Reiterates Buy Rating for Zoetis Inc. (ZTS)
Zoetis Inc. (NYSE:ZTS)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a $65.00 price target on the stock, up from their previous price target of $62.00. Deutsche Bank AG’s price target would suggest a potential upside of 3.06% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Cowen and Company reissued a “buy” rating and issued a $70.00 price target on shares of Zoetis in a research note on Monday. BMO Capital Markets downgraded shares of Zoetis from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $64.00 to $65.00 in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Jefferies Group LLC increased their price target on shares of Zoetis from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. CL King began coverage on shares of Zoetis in a research note on Friday, May 26th. They issued a “buy” rating and a $71.00 price target for the company. Finally, Zacks Investment Research raised shares of Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $63.11.
Zoetis (NYSE:ZTS) traded down 0.44% on Monday, hitting $63.07. The stock had a trading volume of 1,695,813 shares. The company has a market cap of $30.95 billion, a P/E ratio of 36.67 and a beta of 1.03. The stock’s 50-day moving average is $62.00 and its 200-day moving average is $56.13. Zoetis has a 52-week low of $46.86 and a 52-week high of $63.85.
Zoetis (NYSE:ZTS) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. Zoetis had a net margin of 17.25% and a return on equity of 65.35%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. Zoetis’s revenue was up 5.9% on a year-over-year basis. Analysts expect that Zoetis will post $2.33 earnings per share for the current year.
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In other news, insider Catherine A. Knupp sold 5,785 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $60.16, for a total transaction of $348,025.60. Following the sale, the insider now owns 24,415 shares in the company, valued at $1,468,806.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. New England Research & Management Inc. boosted its stake in Zoetis by 56.1% in the first quarter. New England Research & Management Inc. now owns 29,268 shares of the company’s stock worth $1,562,000 after buying an additional 10,523 shares during the last quarter. Fulton Bank N.A. boosted its stake in Zoetis by 35.8% in the first quarter. Fulton Bank N.A. now owns 5,554 shares of the company’s stock worth $296,000 after buying an additional 1,463 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Zoetis by 1.9% in the first quarter. CENTRAL TRUST Co now owns 2,664 shares of the company’s stock worth $142,000 after buying an additional 49 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Zoetis by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 426,303 shares of the company’s stock worth $22,751,000 after buying an additional 10,744 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC boosted its stake in Zoetis by 39.1% in the first quarter. Atalanta Sosnoff Capital LLC now owns 778,212 shares of the company’s stock worth $41,533,000 after buying an additional 218,905 shares during the last quarter. Hedge funds and other institutional investors own 95.10% 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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