Zoetis Inc (ZTS) Receives Average Rating of “Buy” from Analysts
Shares of Zoetis Inc (NYSE:ZTS) have been given a consensus recommendation of “Buy” by the twenty brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $73.72.
Several brokerages recently commented on ZTS. Piper Jaffray Companies reiterated a “buy” rating and set a $86.00 price target on shares of Zoetis in a research report on Thursday. Jefferies Group reiterated a “buy” rating and set a $89.00 price target on shares of Zoetis in a research report on Tuesday. Zacks Investment Research cut Zoetis from a “hold” rating to a “sell” rating and set a $83.00 price target for the company. in a research report on Saturday, January 13th. BMO Capital Markets boosted their price target on Zoetis to $78.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 9th. Finally, Cantor Fitzgerald set a $85.00 price target on Zoetis and gave the stock a “buy” rating in a research report on Thursday, January 11th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZTS. Cibc Bank USA acquired a new position in shares of Zoetis in the 4th quarter valued at $226,000. State of Alaska Department of Revenue lifted its stake in shares of Zoetis by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 185,981 shares of the company’s stock valued at $13,396,000 after purchasing an additional 2,700 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Zoetis by 111.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,709,352 shares of the company’s stock valued at $123,143,000 after purchasing an additional 900,261 shares during the last quarter. Westpac Banking Corp lifted its stake in shares of Zoetis by 5.4% in the 4th quarter. Westpac Banking Corp now owns 315,647 shares of the company’s stock valued at $22,739,000 after purchasing an additional 16,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Zoetis by 6.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,745,887 shares of the company’s stock valued at $125,774,000 after purchasing an additional 111,513 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.
Zoetis (NYSE:ZTS) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. sell-side analysts predict that Zoetis will post 2.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, January 19th will be paid a dividend of $0.126 per share. The ex-dividend date is Thursday, January 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Zoetis’s previous quarterly dividend of $0.11. Zoetis’s payout ratio is 26.32%.
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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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