In a report released today, Alex Arfaei from BMO Capital maintained a Hold rating on Zoetis (NYSE: ZTS), with a price target of $80. The company’s shares opened today at $82.55, close to its 52-week high of $86.38.
According to TipRanks.com, Arfaei is a 4-star analyst with an average return of 4.8% and a 64.6% success rate. Arfaei covers the Healthcare sector, focusing on stocks such as Merck & Company, Eli Lilly & Co, and Bristol Myers.
Zoetis has an analyst consensus of Moderate Buy, with a price target consensus of $91.71.
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Based on Zoetis’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.37 billion and net profit of $352 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $238 million.
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Zoetis, Inc. discovers, develops and manufactures a portfolio of animal health medicines and vaccines. Its products are complemented by diagnostic products, genetic tests, bio devices and services.These are designed to meet the needs of veterinarians and the livestock farmers and companion animal.The firm provides its services though five categories namely, anti-infectives, vaccines, parasiticides, medicated feed additives, and other pharmaceuticals. The company was founded in July 2012 and is headquartered in New York, NY.
