Zoetis Inc (ZTS) Shares Plummet Below 1-Year High

Zoetis Inc (NYSE: ZTS)’s stock price has plunge by -1.20relation to previous closing price of 167.02. Nevertheless, the company has seen a -1.67% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that The SPDR S&P 500 ETF Trust had a 3.27% return in March, outperforming Vanguard’s Dividend Appreciation Index Fund ETF Shares. The top 15 dividend growth stocks for April 2024 offer an average dividend yield of 1.44% and appear to be about 24% undervalued based on dividend yield theory.

Is It Worth Investing in Zoetis Inc (NYSE: ZTS) Right Now?

The price-to-earnings ratio for Zoetis Inc (NYSE: ZTS) is above average at 32.54x. The 36-month beta value for ZTS is also noteworthy at 0.85. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”

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The public float for ZTS is 457.47M, and at present, short sellers hold a 0.78% of that float. The average trading volume of ZTS on April 03, 2024 was 2.73M shares.

ZTS’s Market Performance

The stock of Zoetis Inc (ZTS) has seen a -1.67% decrease in the past week, with a -13.53% drop in the past month, and a -16.40% fall in the past quarter. The volatility ratio for the week is 2.05%, and the volatility levels for the past 30 days are at 2.27% for ZTS. The simple moving average for the past 20 days is -5.65% for ZTS’s stock, with a -8.89% simple moving average for the past 200 days.

Analysts’ Opinion of ZTS

Many brokerage firms have already submitted their reports for ZTS stocks, with Stifel repeating the rating for ZTS by listing it as a “Buy.” The predicted price for ZTS in the upcoming period, according to Stifel is $215 based on the research report published on January 12, 2024 of the current year 2024.

Jefferies, on the other hand, stated in their research note that they expect to see ZTS reach a price target of $230. The rating they have provided for ZTS stocks is “Buy” according to the report published on December 19th, 2023.

Exane BNP Paribas gave a rating of “Outperform” to ZTS, setting the target price at $237 in the report published on December 07th of the previous year.

ZTS Trading at -10.84% 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 -18.28% of loss for the given period.

Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -12.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.41% lower at present.

During the last 5 trading sessions, ZTS fell by -1.67%, which changed the moving average for the period of 200-days by -0.39% in comparison to the 20-day moving average, which settled at $173.75. In addition, Zoetis Inc saw -16.40% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ZTS starting from Lagano Roxanne, who sale 923 shares at the price of $173.33 back on Mar 18 ’24. After this action, Lagano Roxanne now owns 15,723 shares of Zoetis Inc, valued at $159,984 using the latest closing price.

Reed Willie M, the Director of Zoetis Inc, sale 1,370 shares at $182.68 during a trade that took place back on Mar 11 ’24, which means that Reed Willie M is holding 9,994 shares at $250,265 based on the most recent closing price.

Stock Fundamentals for ZTS

Current profitability levels for the company are sitting at:

  • 0.37 for the present operating margin
  • 0.7 for the gross margin

The net margin for Zoetis Inc stands at 0.27. The total capital return value is set at 0.26. Equity return is now at value 49.86, with 16.05 for asset returns.

Based on Zoetis Inc (ZTS), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 12.94.

Currently, EBITDA for the company is 3.56 billion with net debt to EBITDA at 1.38. When we switch over and look at the enterprise to sales, we see a ratio of 9.4. The receivables turnover for the company is 6.55for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.36.

Conclusion

In summary, Zoetis Inc (ZTS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.

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