Zoetis Inc. (NYSE:ZTS) Receives Buy Rating from Stifel Nicolaus
Zoetis Inc. (NYSE:ZTS)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Friday. They presently have a $65.00 price objective on the stock. Stifel Nicolaus’ target price suggests a potential upside of 2.91% from the company’s previous close.
ZTS has been the topic of a number of other reports. Hilliard Lyons assumed coverage on Zoetis in a research report on Tuesday, June 20th. They set a “buy” rating and a $77.00 price objective on the stock. Credit Suisse Group boosted their price objective on Zoetis from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, May 24th. Zacks Investment Research upgraded Zoetis from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, May 10th. Cowen and Company set a $70.00 price objective on Zoetis and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets cut Zoetis from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $64.00 to $65.00 in a research report on Tuesday, June 13th. They noted that the move was a valuation call. One 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’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.47.
Shares of Zoetis (NYSE:ZTS) traded up 0.65% during trading on Friday, reaching $63.16. The company had a trading volume of 2,097,192 shares. The firm has a market capitalization of $31.00 billion, a PE ratio of 36.72 and a beta of 1.03. The stock has a 50 day moving average price of $62.65 and a 200 day moving average price of $57.14. Zoetis has a 12 month low of $46.86 and a 12 month high of $63.85.
Zoetis (NYSE:ZTS) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Zoetis had a return on equity of 65.35% and a net margin of 17.25%. Zoetis’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. On average, equities research analysts forecast that Zoetis will post $2.33 EPS for the current year.
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In other Zoetis news, insider Catherine A. Knupp sold 5,785 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $60.16, for a total value of $348,025.60. Following the transaction, the insider now owns 24,415 shares of the company’s stock, valued at $1,468,806.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. DAVENPORT & Co LLC raised its position in Zoetis by 24.7% in the first quarter. DAVENPORT & Co LLC now owns 359,906 shares of the company’s stock worth $19,231,000 after buying an additional 71,360 shares in the last quarter. Ameriprise Financial Inc. raised its position in Zoetis by 21.1% in the first quarter. Ameriprise Financial Inc. now owns 1,614,416 shares of the company’s stock worth $86,167,000 after buying an additional 281,139 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position 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 in the last quarter. AXA raised its position in Zoetis by 0.8% in the first quarter. AXA now owns 242,831 shares of the company’s stock worth $12,960,000 after buying an additional 1,900 shares in the last quarter. Finally, Wealthfront Inc. raised its position in Zoetis by 14.8% in the fourth quarter. Wealthfront Inc. now owns 13,427 shares of the company’s stock worth $719,000 after buying an additional 1,731 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors.
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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