Zoetis (ZTS) Stock Forecast & Price Target

$177.61 +0.65 (+0.37%)

(As of 02:39 PM ET)

Zoetis - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 10 Analyst Ratings

Sell
0

Hold
0

Buy
10

Based on 10 Wall Street analysts who have issued ratings for Zoetis in the last 12 months, the stock has a consensus rating of "Buy." Out of the 10 analysts, 9 have given a buy rating, and 1 has given a strong buy rating for ZTS.

Consensus Price Target

$221.44
24.68% Upside

According to the 10 analysts' twelve-month price targets for Zoetis, the average price target is $221.44. The highest price target for ZTS is $237.00, while the lowest price target for ZTS is $196.00. The average price target represents a forecasted upside of 24.68% from the current price of $177.61.

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ZTS Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$221.44	$221.44	$217.11	$216.29
Forecasted Upside	24.68% Upside	23.02% Upside	19.23% Upside	20.02% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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ZTS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ZTS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Zoetis Stock vs. The Competition

Type	Zoetis	Medical Companies	S&P 500
Consensus Rating Score	3.10	2.80	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.96% Upside	26,004.61% Upside	6.46% Upside
News Sentiment Rating	Positive News See Recent ZTS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/11/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$225.00 ➝ $230.00	+20.70%
9/18/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$200.00 ➝ $210.00	+7.29%
8/14/2024	Piper Sandler 2 of 5 stars		Boost Target	Overweight ➝ Overweight	$195.00 ➝ $210.00	+14.14%
8/12/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Massaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$220.00 ➝ $225.00	+22.75%
8/9/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hellweg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/8/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$230.00 ➝ $225.00	+36.80%
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5/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$223.00 ➝ $196.00	+17.58%
4/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$260.00 ➝ $230.00	+54.58%
12/19/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$230.00	+16.03%
12/7/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$237.00	+30.22%
4/11/2023	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $200.00	+16.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:56 PM ET.

Should I Buy Zoetis Stock? ZTS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Zoetis pros and cons to contact@marketbeat.com.

Zoetis
Bull Case

Here are some ways that investors could benefit from investing in Zoetis Inc.:

Zoetis Inc. recently reported earnings of $1.58 per share, exceeding analysts' expectations of $1.46, indicating strong financial performance and effective management.
The company has shown a year-over-year revenue increase of 11.6%, reaching $2.40 billion, which reflects robust growth and demand for its products.
As of the latest trading session, Zoetis Inc. shares are priced at $175.57, which may present a buying opportunity for investors looking for growth in the animal health sector.
Institutional investors hold a significant 92.80% of Zoetis Inc.'s stock, suggesting strong confidence in the company's future prospects and stability.
Zoetis Inc. has a solid net margin of 26.55% and a return on equity of 51.98%, indicating efficient operations and strong profitability, which are attractive traits for potential investors.

Zoetis
Bear Case

Investors should be bearish about investing in Zoetis Inc. for these reasons:

The stock has experienced a decline of 0.5% recently, which may indicate short-term volatility and investor uncertainty.
With a price-to-earnings (P/E) ratio of 33.00, the stock may be considered overvalued compared to industry peers, which could deter value-focused investors.
The company has a debt-to-equity ratio of 1.26, suggesting a higher level of debt relative to equity, which could pose risks in a rising interest rate environment.
Despite strong earnings, the stock's 50-day moving average is $186.47, indicating that the current price is below this average, which may signal a bearish trend.
Recent institutional buying may lead to increased competition for shares, potentially driving prices higher and making it less accessible for new investors.

ZTS Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Zoetis is $221.44, with a high forecast of $237.00 and a low forecast of $196.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zoetis in the last twelve months. There are currently 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ZTS shares.
: According to analysts, Zoetis's stock has a predicted upside of 24.68% based on their 12-month stock forecasts.
: Zoetis has been rated by research analysts at JPMorgan Chase & Co., and Stifel Nicolaus in the past 90 days.
: Analysts like Zoetis more than other "medical" companies. The consensus rating for Zoetis is Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ZTS compares to other companies.

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This page (NYSE:ZTS) was last updated on 11/25/2024 by MarketBeat.com Staff

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Zoetis (ZTS) Stock Forecast & Price Target