Zoetis Inc. (NYSE: ZTS)’s stock price has increased by 0.70 compared to its previous closing price of 163.41. however, the company has experienced a -1.48% decrease in its stock price over the last five trading days. Barron’s reported on 02/14/23 that Zoetis Expects Sales Growth in 2023. The Stock Is Rising.
Is It Worth Investing in Zoetis Inc. (NYSE: ZTS) Right Now?
The price-to-earnings ratio for Zoetis Inc. (NYSE: ZTS) is 36.61x, which is above its average ratio. Moreover, the 36-month beta value for ZTS is 0.77. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Zoetis Inc. (ZTS) is $219.00, which is $51.19 above the current market price. The public float for ZTS is 458.75M and currently, short sellers hold a 0.92% of that float. On March 15, 2023, ZTS’s average trading volume was 2.14M shares.
ZTS’s Market Performance
ZTS stock saw an increase of -1.48% in the past week, with a monthly gain of 3.93% and a quarterly increase of 7.28%. The volatility ratio for the week is 2.27%, and the volatility levels for the last 30 days are 2.25% for Zoetis Inc. (ZTS). The simple moving average for the last 20 days is -2.20% for ZTS stock, with a simple moving average of 2.69% for the last 200 days.
Analysts’ Opinion of ZTS
Many brokerage firms have already submitted their reports for ZTS stocks, with Piper Sandler repeating the rating for ZTS by listing it as a “Overweight.” The predicted price for ZTS in the upcoming period, according to Piper Sandler is $205 based on the research report published on July 12th of the previous year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ZTS reach a price target of $40. The rating they have provided for ZTS stocks is “Overweight” according to the report published on November 18th, 2021.
Morgan Stanley gave a rating of “Overweight” to ZTS, setting the target price at $264 in the report published on November 18th of the previous year.
ZTS Trading at 0.91% from the 50-Day Moving Average
After a stumble in the market that brought ZTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.26% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.08% upper at present.
During the last 5 trading sessions, ZTS fell by -1.48%, which changed the moving average for the period of 200-days by +0.94% in comparison to the 20-day moving average, which settled at $168.32. In addition, Zoetis Inc. saw 12.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZTS starting from Lagano Roxanne, who sale 13,010 shares at the price of $175.00 back on Feb 14. After this action, Lagano Roxanne now owns 26,357 shares of Zoetis Inc., valued at $2,276,750 using the latest closing price.
Lagano Roxanne, the Executive Vice President of Zoetis Inc., sale 2,167 shares at $180.26 during a trade that took place back on Jul 22, which means that Lagano Roxanne is holding 23,687 shares at $390,623 based on the most recent closing price.
Stock Fundamentals for ZTS
Current profitability levels for the company are sitting at:
- +36.24 for the present operating margin
- +67.77 for the gross margin
The net margin for Zoetis Inc. stands at +26.16. Equity return is now at value 46.20, with 15.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.37.
Conclusion
To wrap up, the performance of Zoetis Inc. (ZTS) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
