Zoetis Looking to Expand - Analyst Blog

By
A A A

Zoetis Inc. ( ZTS ), the former Animal Health business of Pfizer Inc. ( PFE ), announced recently that it intends to expand its manufacturing facility in Lincoln, Neb. Zoetis aims to facilitate the production of high-quality, reliable drugs for veterinarians, livestock offerings and the animals under their care through this expansion.

Through this move, the company intends to fulfill its objective of being a world-class manufacturer of animal health products by ensuring constant supply of high- quality therapies for animals.

Zoetis stated that the early construction work has commenced and full fledged work for expanding the existing facility is expected to start shortly. The entire process involves a three-story expansion (19,000 square-feet) of the existing production facility. This will facilitate the transfer of products to Lincoln from a third-party manufacturer. The work is expected to be completed in 2014.

We remind investors that Zoetis started trading on the New York Stock Exchange from Feb 1, 2013. Last month, Pfizer gave up its entire stake in Zoetis. Pfizer had announced its plans to spin off its Animal Health business in Jun 2012.

Zoetis emphasizes on the discovery, development, manufacture and marketing of veterinary vaccines and medicines. The company focuses on farm as well as companion animals and has presence in more than 120 countries. The Animal Health segment of Pfizer had delivered sales of $4.3 billion in 2012, up 3% year over year.

Zoetis carries a Zacks Rank #3 (Hold). Companies such as Biogen Idec Inc. ( BIIB ) and Jazz Pharmaceuticals Public Limited Company ( JAZZ ) appear to be more attractive. Both stocks carry a Zacks Rank #1 (Strong Buy).



BIOGEN IDEC INC (BIIB): Free Stock Analysis Report

JAZZ PHARMACEUT (JAZZ): Free Stock Analysis Report

PFIZER INC (PFE): Free Stock Analysis Report

ZOETIS INC (ZTS): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: BIIB , JAZZ , PFE , ZTS

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

270,889,562
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,940,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,101,540
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,096,956
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com