A number of other equities analysts have also weighed in on ZTS. Stifel Nicolaus reiterated a buy rating and issued a $65.00 price target on shares of Zoetis in a report on Tuesday, October 24th. BMO Capital Markets set a $65.00 target price on shares of Zoetis and gave the company a hold rating in a report on Wednesday, October 25th. BidaskClub lowered shares of Zoetis from a buy rating to a hold rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Zoetis from a buy rating to a hold rating in a report on Wednesday, November 1st. Finally, Morgan Stanley lifted their target price on shares of Zoetis from $61.00 to $70.00 and gave the company an equal weight rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $79.83.
Zoetis (ZTS) opened at $79.73 on Thursday. The firm has a market cap of $38,850.00, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. Zoetis has a 1-year low of $52.25 and a 1-year high of $81.40. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 2.45.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, April 20th will be issued a $0.126 dividend. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.50 dividend on an annualized basis and a yield of 0.63%. Zoetis’s dividend payout ratio is currently 22.94%.
Hedge funds have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Zoetis in the 4th quarter worth $108,000. We Are One Seven LLC acquired a new position in Zoetis in the 4th quarter worth $120,000. Premia Global Advisors LLC acquired a new position in Zoetis in the 4th quarter worth $122,000. Icon Wealth Partners LLC acquired a new position in Zoetis in the 4th quarter worth $127,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Zoetis in the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.
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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.
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