Jefferies Group LLC Reiterates “Buy” Rating for Zoetis Inc. (ZTS)

Zoetis Inc. (NYSE:ZTS)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research note issued to investors on Friday. 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.

A number of other brokerages have also weighed in on ZTS. Morgan Stanley increased their target price on Zoetis from $61.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on Zoetis from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. BidaskClub upgraded Zoetis from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of Zoetis in a research note on Tuesday, October 24th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $75.00 price objective on shares of Zoetis in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $67.06.

Zoetis (ZTS) opened at $69.13 on Friday. The firm has a market capitalization of $33,769.08, a P/E ratio of 31.79, a PEG ratio of 2.03 and a beta of 1.02. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.95 and a current ratio of 2.80. Zoetis has a 52 week low of $48.24 and a 52 week high of $70.48.

Zoetis (NYSE:ZTS) last announced its earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. research analysts expect that Zoetis will post 2.36 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Zoetis by 16.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock valued at $100,000 after purchasing an additional 230 shares during the last quarter. Harfst & Associates Inc. increased its stake in shares of Zoetis by 16.1% in the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock valued at $117,000 after purchasing an additional 260 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Zoetis in the 2nd quarter valued at $119,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Zoetis by 251.9% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock valued at $121,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Peddock Capital Advisors LLC acquired a new stake in shares of Zoetis during the 2nd quarter valued at $140,000. Institutional investors own 92.90% of the company’s stock.

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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