Zoetis (NYSE:ZTS)‘s stock had its “buy” rating reiterated by analysts at Piper Jaffray Companies in a research note issued on Thursday. They currently have a $86.00 price target on the stock. Piper Jaffray Companies’ price objective points to a potential upside of 12.24% from the company’s current price.
Other analysts also recently issued reports about the company. Cantor Fitzgerald restated a “buy” rating and issued a $75.00 price objective on shares of Zoetis in a research report on Tuesday, September 26th. BidaskClub downgraded Zoetis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 20th. Zacks Investment Research upgraded Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective on shares of Zoetis in a research report on Tuesday, October 24th. Finally, Jefferies Group restated a “buy” rating on shares of Zoetis in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Zoetis currently has a consensus rating of “Buy” and a consensus target price of $73.72.
Zoetis (NYSE ZTS) traded up $0.29 on Thursday, reaching $76.62. The company’s stock had a trading volume of 3,476,402 shares, compared to its average volume of 1,950,000. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.95 and a current ratio of 2.80. The stock has a market capitalization of $37,340.00, a P/E ratio of 40.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. Zoetis has a one year low of $52.00 and a one year high of $77.03.
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Zoetis by 16.8% in the second 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. Steward Partners Investment Advisory LLC acquired a new position in Zoetis in the third quarter valued at $114,000. Harfst & Associates Inc. increased its stake in Zoetis by 16.1% in the second 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. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Zoetis by 251.9% in the third 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, Shine Investment Advisory Services Inc. increased its stake in Zoetis by 86.5% in the third quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock valued at $143,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.
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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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