Zoetis’ (ZTS) “Buy” Rating Reaffirmed at Jefferies Group

Jefferies Group reiterated their buy rating on shares of Zoetis (NYSE:ZTS) in a report released on Friday, November 10th. Jefferies Group also issued estimates for Zoetis’ FY2017 earnings at $2.39 EPS, FY2018 earnings at $2.79 EPS, FY2019 earnings at $3.21 EPS, FY2020 earnings at $3.63 EPS and FY2021 earnings at $4.00 EPS.

Several other research analysts have also recently commented on the company. Deutsche Bank reaffirmed a buy rating and issued a $65.00 target price (up from $62.00) on shares of Zoetis in a research report on Monday, July 17th. Zacks Investment Research cut Zoetis from a buy rating to a hold rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a buy rating and issued a $65.00 target price on shares of Zoetis in a research report on Friday, September 1st. Cantor Fitzgerald set a $75.00 target price on Zoetis and gave the stock a buy rating in a research report on Monday, August 14th. Finally, BidaskClub raised Zoetis from a sell rating to a hold rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Zoetis currently has a consensus rating of Buy and a consensus target price of $68.24.

Zoetis (ZTS) traded up $0.22 on Friday, hitting $71.61. The stock had a trading volume of 1,618,600 shares, compared to its average volume of 2,781,101. The company has a market capitalization of $34,790.00, a PE ratio of 32.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.02. Zoetis has a 12 month low of $48.55 and a 12 month high of $72.14. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 2.45.

Zoetis (NYSE:ZTS) last issued its earnings results on Thursday, November 2nd. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. Zoetis’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. equities research analysts anticipate that Zoetis will post 2.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.105 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.59%. Zoetis’s payout ratio is presently 22.11%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd increased its stake in shares of Zoetis by 7.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,901 shares of the company’s stock valued at $368,000 after buying an additional 401 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Zoetis by 8.2% in the second quarter. Wells Fargo & Company MN now owns 5,113,948 shares of the company’s stock valued at $319,008,000 after buying an additional 389,260 shares in the last quarter. Swiss National Bank increased its stake in shares of Zoetis by 8.1% in the second quarter. Swiss National Bank now owns 1,796,380 shares of the company’s stock valued at $112,058,000 after buying an additional 133,900 shares in the last quarter. Balyasny Asset Management LLC increased its stake in shares of Zoetis by 55.5% in the second quarter. Balyasny Asset Management LLC now owns 44,330 shares of the company’s stock valued at $2,765,000 after buying an additional 15,830 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Zoetis by 13.9% in the second quarter. Victory Capital Management Inc. now owns 277,641 shares of the company’s stock valued at $17,320,000 after buying an additional 33,894 shares in the last quarter. 93.33% of the stock is owned by institutional investors.

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About Zoetis

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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