Zoetis Inc. (NYSE:ZTS) PT Set at $75.00 by Cantor Fitzgerald
Zoetis Inc. (NYSE:ZTS) has been given a $75.00 price objective by stock analysts at Cantor Fitzgerald in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 24.51% from the stock’s previous close. Cantor Fitzgerald also issued estimates for Zoetis’ FY2017 earnings at $2.30 EPS.
Other equities research analysts have also issued reports about the company. Cowen and Company set a $70.00 price target on Zoetis and gave the stock a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets downgraded Zoetis from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $64.00 to $65.00 in a research report on Tuesday, June 13th. They noted that the move was a valuation call. Jefferies Group LLC upped their target price on Zoetis from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. CL King started coverage on Zoetis in a research report on Friday, May 26th. They issued a “buy” rating and a $71.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 target price on shares of Zoetis in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.78.
Zoetis (NYSE ZTS) traded up 1.56% during midday trading on Monday, hitting $60.66. 1,191,920 shares of the stock traded hands. The firm has a market cap of $29.67 billion, a PE ratio of 34.29 and a beta of 1.02. The company’s 50 day moving average price is $62.20 and its 200 day moving average price is $58.00. Zoetis has a 12 month low of $46.86 and a 12 month high of $63.85.
Zoetis (NYSE:ZTS) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities research analysts predict that Zoetis will post $2.34 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of ZTS. Macquarie Group Ltd. increased its position in shares of Zoetis by 13.2% in the fourth quarter. Macquarie Group Ltd. now owns 144,492 shares of the company’s stock worth $7,734,000 after buying an additional 16,860 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of 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 in the last quarter. Atria Investments LLC increased its position in shares of Zoetis by 29.3% in the first quarter. Atria Investments LLC now owns 6,399 shares of the company’s stock worth $342,000 after buying an additional 1,449 shares in the last quarter. Baldwin Brothers Inc. MA acquired a new position in shares of Zoetis during the first quarter worth approximately $2,373,000. Finally, Eastern Bank increased its position in shares of Zoetis by 50.0% in the first quarter. Eastern Bank now owns 6,000 shares of the company’s stock worth $320,000 after buying an additional 2,000 shares in the last quarter. 92.70% of the stock is owned by hedge funds and other 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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