Zoetis Inc. (ZTS) Stock Rating Upgraded by BidaskClub

Zoetis Inc. (NYSE:ZTS) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, September 12th.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Zoetis from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Hilliard Lyons started coverage on Zoetis in a report on Tuesday, June 20th. They set a “buy” rating and a $77.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating and set a $65.00 target price (up previously from $62.00) on shares of Zoetis in a report on Monday, July 17th. Argus reissued a “buy” rating and set a $69.00 target price (up previously from $60.00) on shares of Zoetis in a report on Tuesday, May 30th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Zoetis in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.44.

Shares of Zoetis (ZTS) opened at 64.16 on Tuesday. Zoetis has a 12-month low of $46.86 and a 12-month high of $65.83. The company has a 50 day moving average price of $62.44 and a 200-day moving average price of $59.64. The firm has a market cap of $31.38 billion, a PE ratio of 36.27 and a beta of 1.02.

Zoetis (NYSE:ZTS) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts expect that Zoetis will post $2.34 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in Zoetis by 16.8% during 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 in the last quarter. Harfst & Associates Inc. grew its position in Zoetis by 16.1% during 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 in the last quarter. Guardian Life Insurance Co. of America grew its position in Zoetis by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,905 shares of the company’s stock worth $102,000 after purchasing an additional 13 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Zoetis during the 2nd quarter worth approximately $119,000. Finally, Assetmark Inc. grew its position in Zoetis by 4.6% during the 1st quarter. Assetmark Inc. now owns 1,918 shares of the company’s stock worth $102,000 after purchasing an additional 85 shares in the last quarter. 93.20% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Zoetis (NYSE:ZTS)

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