Economy

FY2017 Earnings Forecast for Zoetis Inc. (ZTS) Issued By Jefferies Group

ZTS has been the topic of several recent research reports.

Meanwhile, during the same quarter Zoetis Inc. We expect to see more of such acquisitions/deals at the company as it continues to focus on acquiring complementary businesses and products.However, performance of the livestock business is concerning.

Other analysts have also issued research reports about the stock. Deutsche Bank maintained the stock with "Buy" rating in Monday, July 17 report. Finally, Cantor Fitzgerald set a $75.00 price target on shares of Zoetis and gave the company a "buy" rating in a research note on Monday, August 14th. The stock has "Buy" rating by Stifel Nicolaus on Thursday, July 20. The company was maintained on Tuesday, August 15 by Jefferies. They set a buy rating and a $60.00 price target on the stock. Cowen and Company set a $60.00 price target on shares of Zoetis and gave the company a "buy" rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of "Buy" and an average price target of $67.06.

This article was originally published by and is the sole property of Zolmax. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright & trademark law. Employees Retirement Sys Of Texas has invested 0.15% in Zoetis Inc (NYSE:ZTS). Zoetis has a 12-month low of $38.26 and a 12-month high of $53.14.

Zoetis Inc. (ZTS) has demonstrated a 20-day simple moving average (SMA) of 4.75%, and a 50-day SMA of 6.21%. The stock has a market cap of $33,471.84, a P/E ratio of 31.51, a P/E/G ratio of 2.02 and a beta of 1.02.

When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.46 by $0.06. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. The Bbt Capital Management Llc holds 640,526 shares with $70.11M value, up from 200,000 last quarter. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

ILLEGAL ACTIVITY WARNING: This story was first reported by BBNS and is owned by of BBNS. "(NYSE:ZTS) Position Decreased by Korea Investment CORP" was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and republished in violation of United States & worldwide trademark & copyright laws.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Moreover, Rivernorth Capital Management Llc has 0.54% invested in the company for 811,837 shares. This represents a $0.42 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 8th. 2017, Zoetis Inc. (ZTS) delivered a 1.83% surprise with its net revenue. Friedberg Investment Management sold 7,100 shares as Zoetis Inc (ZTS)'s stock rose 14.85%. ZTS's SI was 8.95 million shares in November as released by FINRA. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc.

Columbus Circle Investors increased Taylor Morrison Home Corp (NYSE:TMHC) stake by 45,672 shares to 374,229 valued at $8.99 million in 2017Q2. Zoetis accounts for approximately 1.6% of DE Burlo Group Inc.'s investment portfolio, making the stock its 23rd biggest position. Copper Rock Capital Partners LLC now owns 6,342 shares of the company's stock worth $339,000 after purchasing an additional 2,759 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Zoetis by 7.1% in the third quarter. Janus Henderson Group PLC now owns 5,809,086 shares of the company's stock valued at $362,372,000 after purchasing an additional 5,734,776 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Zoetis by 55.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 11,361,033 shares of the company's stock worth $590,887,000 after buying an additional 177,286 shares during the period. Principal Financial Group Inc. now owns 10,016,876 shares of the company's stock worth $520,978,000 after buying an additional 126,708 shares during the period. Nationwide Fund Advsr has invested 0.17% in Zoetis Inc (NYSE:ZTS).



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