Zoetis Inc. (ZTS) Downgraded to “Sell” at BidaskClub
BidaskClub lowered shares of Zoetis Inc. (NYSE:ZTS) from a hold rating to a sell rating in a research report sent to investors on Friday morning.
ZTS has been the subject of a number of other reports. Cantor Fitzgerald restated a buy rating and issued a $75.00 price objective on shares of Zoetis in a research report on Wednesday, September 6th. Hilliard Lyons assumed coverage on shares of Zoetis in a research report on Tuesday, June 20th. They issued a buy rating and a $77.00 price objective for the company. Zacks Investment Research lowered shares of Zoetis from a buy rating to a hold rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $62.00 price objective on shares of Zoetis in a research report on Monday, August 7th. Finally, Piper Jaffray Companies set a $73.00 price objective on shares of Zoetis and gave the company a buy rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Zoetis currently has an average rating of Buy and an average target price of $65.44.
Shares of Zoetis (NYSE:ZTS) remained flat at $63.75 during trading on Friday. 2,543,606 shares of the company traded hands. The stock has a market capitalization of $31.18 billion, a P/E ratio of 36.04 and a beta of 1.02. The stock’s 50-day moving average price is $63.41 and its 200-day moving average price is $60.49. Zoetis has a 12 month low of $46.86 and a 12 month high of $65.83.
Zoetis (NYSE:ZTS) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. Zoetis had a net margin of 17.50% and a return on equity of 62.49%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.49 earnings per share. Zoetis’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Zoetis will post $2.34 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, November 8th. Zoetis’s dividend payout ratio (DPR) is presently 23.73%.
Several hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Zoetis by 16.8% in the second 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 during the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Zoetis by 0.7% in the first 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 during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Zoetis in the first quarter worth approximately $111,000. Harfst & Associates Inc. grew its holdings in shares of Zoetis by 16.1% in the second quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock worth $117,000 after purchasing an additional 260 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Zoetis in the second quarter worth approximately $119,000. 93.20% of the stock is currently 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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