Zoetis Inc (NYSE: ZTS) has a price-to-earnings ratio of 28.89x that is above its average ratio. Additionally, the 36-month beta value for ZTS is 0.87. 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.”
The public float for ZTS is 457.47M and currently, short sellers hold a 0.80% ratio of that float. The average trading volume of ZTS on April 22, 2024 was 3.21M shares.
ZTS) stock’s latest price update
The stock price of Zoetis Inc (NYSE: ZTS) has plunged by -4.32 when compared to previous closing price of 153.11, but the company has seen a -2.32% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Short-term bonds currently yield more than stocks, indicating a shift in the investment environment. Investors should focus on companies with healthy balance sheets, pricing power, and that are trading below their fair value. We suggest several favorite wide-moat dividend businesses.
ZTS’s Market Performance
Zoetis Inc (ZTS) has seen a -2.32% fall in stock performance for the week, with a -14.32% decline in the past month and a -22.23% plunge in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.43% for ZTS. The simple moving average for the past 20 days is -9.88% for ZTS’s stock, with a -18.81% 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 -17.33% 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 -27.45% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -12.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.67% lower at present.
During the last 5 trading sessions, ZTS fell by -2.32%, which changed the moving average for the period of 200-days by -13.49% in comparison to the 20-day moving average, which settled at $161.48. In addition, Zoetis Inc saw -25.77% 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 $151.17 back on Apr 18 ’24. After this action, Lagano Roxanne now owns 14,800 shares of Zoetis Inc, valued at $139,530 using the latest closing price.
Lagano Roxanne, the Executive Vice President of Zoetis Inc, sale 923 shares at $173.33 during a trade that took place back on Mar 18 ’24, which means that Lagano Roxanne is holding 15,723 shares at $159,984 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 8.41. 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 conclusion, Zoetis Inc (ZTS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
