Price Target Update on Zoetis (NYSE:ZTS)

Zoetis (NYSE:ZTS) : The most positive equity analysts on Zoetis (NYSE:ZTS) expects the shares to touch $62, whereas, the least positive believes that the stock will trade at $45 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $53.13 with an expected fluctuation of $5.72 from the mean.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Jefferies maintains its ratings on Zoetis (NYSE:ZTS). In the latest research report, Jefferies raises the target price from $57 per share to $58 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on June 14, 2016.

Zoetis (NYSE:ZTS): stock turned positive on Thursday. Though the stock opened at $47.6, the bulls momentum made the stock top out at $47.9 level for the day. The stock recorded a low of $47.44 and closed the trading day at $47.9, in the green by 1.20%. The total traded volume for the day was 2,291,503. The stock had closed at $47.33 in the previous days trading.

The company shares have dropped -14.54% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $55.38 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $47.20 and the 200 Day Moving Average price is recorded at $45.09.

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 markets products across four regions: the United States, Europe/Africa/Middle East, Canada/Latin America and Asia/Pacific; eight species: the livestock species of cattle, swine, poultry, sheep and fish, and the companion animal species of dogs, cats and horses, and five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceutical products. In addition, its Client Supply Services (CSS) organization provides contract manufacturing services to third parties.

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