Zoetis (NYSE:ZTS) has been given a $85.00 price objective by equities researchers at Cantor Fitzgerald in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 12.75% from the stock’s previous close.
ZTS has been the topic of a number of other research reports. BMO Capital Markets set a $65.00 target price on Zoetis and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered Zoetis from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. BidaskClub lowered Zoetis from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Cowen set a $80.00 target price on Zoetis and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Morgan Stanley raised Zoetis from an “equal weight” rating to an “overweight” rating and set a $80.00 target price on the stock in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.94.
Zoetis (ZTS) traded up $0.80 on Thursday, reaching $75.39. The company’s stock had a trading volume of 1,902,500 shares, compared to its average volume of 1,950,000. The firm has a market cap of $36,740.00, a price-to-earnings ratio of 39.68, a P/E/G ratio of 1.88 and a beta of 1.06. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95. Zoetis has a 12-month low of $52.00 and a 12-month high of $75.69.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Zoetis by 3.9% during the 2nd quarter. BlackRock Inc. now owns 37,495,299 shares of the company’s stock worth $2,338,957,000 after purchasing an additional 1,412,829 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Zoetis by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 33,654,686 shares of the company’s stock worth $2,099,379,000 after purchasing an additional 910,265 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Zoetis by 1.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,893,853 shares of the company’s stock worth $375,792,000 after purchasing an additional 84,767 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Zoetis by 1.2% during the 2nd quarter. Northern Trust Corp now owns 5,533,313 shares of the company’s stock worth $345,168,000 after purchasing an additional 63,849 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Zoetis by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 2,400,106 shares of the company’s stock worth $153,025,000 after purchasing an additional 34,747 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.
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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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