Zoetis (ZTS) Receives a Buy from Barclays

Barclays analyst Balaji Prasad maintained a Buy rating on Zoetis (ZTS) yesterday and set a price target of $129.00. The company’s shares closed last Monday at $108.21.

According to TipRanks.com, Prasad has 0 stars on 0-5 star ranking scale with an average return of -15.4% and a 19.6% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries, Dr Reddy’s Laboratories, and Bausch Health Companies.

Zoetis has an analyst consensus of Moderate Buy, with a price target consensus of $144.75, a 41.0% upside from current levels. In a report issued on March 24, Credit Suisse also maintained a Buy rating on the stock with a $147.00 price target.

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Based on Zoetis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.67 billion and net profit of $384 million. In comparison, last year the company earned revenue of $1.56 billion and had a net profit of $345 million.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZTS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zoetis, Inc. discovers, develops and manufactures a portfolio of animal health medicines and vaccines. The company operates through the following segments: United States &International. 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 company provides its services though five categories namely, anti-invectives, vaccines, parasitic ides, medicated feed additives, and other pharmaceuticals. Zoetis was founded in 1952 and is headquartered in Parsippany, NJ.

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