Jefferies cuts target to USD 83 for Zoetis stock

Published on 10/20/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies cut its target from USD 103 to USD 83 on October 20, 2026. Zoetis stock stood at EUR 70.35 at Lang & Schwarz that date in trading.

Target cut and reporting dates

Jefferies lowered its Zoetis target from USD 103 to USD 83 on October 20, 2026.
Second-quarter 2026 revenue declined 1 percent and adjusted net income declined 2 percent.
Zoetis stock stood at EUR 70.35 at 1:10 p.m. CEST at Lang & Schwarz on October 20, 2026.
The dividend record date is October 30, 2026, followed by third-quarter results on November 5, 2026.

ZTS, US98978V1035, Illustration mit AI erstellt.

Zoetis (US98978V1035) stock stood at EUR 70.35 at Lang & Schwarz on October 20, 2026 at 1:10 p.m. CEST. According to Investing.com, Jefferies downgraded Zoetis from Buy to Hold and cut its price target from USD 103 to USD 83 on October 20, 2026.

Pricing pressure drives the downgrade

The USD 20 target reduction equals 19.42 percent. Jefferies analyst Keith Devas said pricing accounted for 64 percent of Zoetis earnings per share growth from 2022 through 2025, while lower volumes now constrain profit growth.

Jefferies projects 2027 earnings per share to decline 2 percent and sit 8 percent below consensus. Its USD 83 target is based on 13 times projected 2028 earnings per share of USD 6.36, according to Investing.com.

What does the USD 83 target imply?

The downgrade adds pressure to a business already managing weaker companion-animal demand. In the second quarter of 2026, revenue declined 1 percent and adjusted net income declined 2 percent, while livestock revenue grew 11 percent and companion-animal diagnostics revenue grew 12 percent, according to Benzinga.

Three dated Zoetis developments

On August 6, 2026, Zoetis reported second-quarter adjusted diluted earnings per share of USD 1.87, according to MarketBeat. On October 8, 2026, the company declared a fourth-quarter dividend of USD 0.53 per share, according to The Globe and Mail. On October 20, 2026, Jefferies cut its target to USD 83 from USD 103.

Two dates for investors

Zoetis shares are scheduled to trade ex-dividend on October 30, 2026, with payment set for December 1, 2026, according to The Globe and Mail. Zoetis is scheduled to report third-quarter 2026 results on November 5, 2026, according to Zoetis.

Stock price remains the market marker

For investors, the next earnings report will test whether livestock and diagnostics can offset pressure in companion animal products. Zoetis was trading at EUR 70.35 at Lang & Schwarz on October 20, 2026 at 1:10 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Zoetis stock.