Jefferies Group Reiterates Buy Rating for Zoetis (ZTS)

Jefferies Group reiterated their buy rating on shares of Zoetis (NYSE:ZTS) in a report issued on Tuesday. Jefferies Group currently has a $89.00 price objective on the stock. Jefferies Group also issued estimates for Zoetis’ FY2017 earnings at $2.38 EPS, FY2018 earnings at $3.11 EPS, FY2019 earnings at $3.59 EPS, FY2020 earnings at $4.06 EPS, FY2021 earnings at $4.47 EPS and FY2022 earnings at $4.93 EPS.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley upgraded Zoetis from an equal weight rating to an overweight rating and set a $80.00 price objective on the stock in a research note on Wednesday, November 29th. Zacks Investment Research cut Zoetis from a buy rating to a hold rating in a research note on Wednesday, November 1st. BidaskClub upgraded Zoetis from a sell rating to a hold rating in a research note on Friday, October 13th. Cantor Fitzgerald set a $80.00 price objective on Zoetis and gave the company a buy rating in a research note on Tuesday, December 12th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $73.72.

Zoetis (NYSE ZTS) opened at $76.62 on Tuesday. 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 $52.00 and a 52 week high of $77.03. The firm has a market capitalization of $37,194.72, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06.

Zoetis (NYSE:ZTS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.52 EPS. The business’s revenue was up 8.5% on a year-over-year basis. equities research analysts anticipate that Zoetis will post 2.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, January 19th will be paid a $0.126 dividend. This is a boost from Zoetis’s previous quarterly dividend of $0.11. This represents a $0.50 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, January 18th. Zoetis’s payout ratio is currently 26.32%.

A number of hedge funds have recently bought and sold shares of the business. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Zoetis by 1.8% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,682 shares of the company’s stock valued at $354,000 after buying an additional 98 shares in the last quarter. Scotia Capital Inc. grew its holdings in Zoetis by 1.5% during the 2nd quarter. Scotia Capital Inc. now owns 9,628 shares of the company’s stock valued at $601,000 after buying an additional 142 shares in the last quarter. Nordea Investment Management AB grew its holdings in Zoetis by 0.7% during the 2nd quarter. Nordea Investment Management AB now owns 24,854 shares of the company’s stock valued at $1,550,000 after buying an additional 169 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Zoetis by 1.1% during the 2nd quarter. Moors & Cabot Inc. now owns 14,969 shares of the company’s stock valued at $929,000 after buying an additional 170 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Zoetis by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock valued at $100,000 after buying an additional 230 shares in the last quarter. 93.14% of the stock is owned by institutional investors and hedge funds.

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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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