Economy

Zoetis Inc. (ZTS) Rating Reiterated by Cantor Fitzgerald

Kayne Anderson Rudnick Investment Management Llc acquired 52,984 shares as Paycom Software (PAYC)'s stock rose 21.56%. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company's stock valued at $100,000 after buying an additional 230 shares in the last quarter. The stock has a market cap of $31.38 billion, a P/E ratio of 36.27 and a beta of 1.02. About 408,366 shares traded. 10,508 are owned by Comerica Inc. It has underperformed by 6.07% the S&P500.

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 hedge fund held 12,455 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $777,000, down from 25,104 at the end of the previous reported quarter. Assetmark Inc. now owns 1,918 shares of the company's stock valued at $102,000 after buying an additional 85 shares during the last quarter. Parthenon Llc who had been investing in Zoetis Inc for a number of months, seems to be less bullish one the $31.42B market cap company.

The company declined -0.46% and closed its last trading session at $64.78. About 620,622 shares traded. Zoetis Inc (NYSE:ZTS) has risen 29.89% since September 21, 2016 and is uptrending. It has outperformed by 13.19% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.20, from 1.24 in 2017Q1. 79 funds opened positions while 220 raised stakes. The company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.53. First Long Island Invsts Lc owns 82,732 shares or 0.8% of their USA portfolio. Royal Commercial Bank Of Canada reported 2.14 million shares.

Zoetis Inc (NYSE:ZTS) institutional sentiment decreased to 1.04 in 2017 Q2. Cullen Frost Bankers reported 343,841 shares or 0.72% of all its holdings. Wealthtrust invested in 864 shares. Moreover, Fulton National Bank & Trust Na has 0.03% invested in Zoetis Inc (NYSE:ZTS) for 6,021 shares.

The stock of Zoetis Incorporated (NYSE:ZTS) registered an increase of 10.01% in short interest. Virginia Retirement Systems Et Al accumulated 63,500 shares or 0.05% of the stock. Pension Ser stated it has 417,773 shares. Lombard Odier Asset (Usa) holds 0.17% or 35,000 shares. Assetmark Inc. increased its holdings in Zoetis by 4.6% in the 1st quarter. Aperio Grp Inc Ltd Liability holds 0.08% or 216,469 shares. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Therefore 74% are positive.

ZTS has been the topic of a number of research analyst reports. (ZTS) opened at 64.24 on Friday. The rating was initiated by Oppenheimer on Friday, December 2 with "Outperform". Cowen and Company set a $70.00 price target on Zoetis and gave the stock a "buy" rating in a research note on Monday, July 17th. The New York-based Sandhill Capital Partners Llc has invested 4.5% in the stock. The stock has "Hold" rating by Keefe Bruyette & Woods on Monday, September 18. Stifel Nicolaus restated a buy rating and issued a $65.00 price target on shares of Zoetis in a research report on Friday, July 21st. The firm earned "Hold" rating on Sunday, September 3 by RBC Capital Markets. Stifel Nicolaus reiterated a buy rating and set a $65.00 target price on shares of Zoetis in a research report on Friday, September 1st. The rating was maintained by Piper Jaffray on Monday, July 24 with "Buy".

Zoetis (NYSE:ZTS) last announced its quarterly earnings data on Tuesday, August 8th.

WARNING: This article was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal.

Other research analysts also recently issued reports about the company. During the same period in the prior year, the company posted $0.49 EPS. ZTS's profit would be $308.16 million giving it 25.59 P/E if the $0.63 EPS is correct. After $0.53 actual earnings per share reported by Zoetis Inc for the previous quarter, Wall Street now forecasts 18.87% EPS growth. PNC Financial Services Group Inc.'s holdings in Zoetis were worth $11,745,000 at the end of the most recent quarter. More interesting news about AbbVie Inc (NYSE:ABBV) were released by: Seekingalpha.com and their article: "Market Finally Realizing AbbVie's Value" published on September 13, 2017 as well as Seekingalpha.com's news article titled: "AbbVie Joins $30 Million Financing Round For Disarm Therapeutics" with publication date: September 19, 2017.

Several equities research analysts recently issued reports on the stock. Therefore 67% are positive. Abbvie Inc had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Market Perform" rating by BMO Capital Markets given on Tuesday, June 13.



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