At the time of writing, Zoetis Inc [ZTS] stock is trading at $163.20, down -2.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZTS shares have gain 0.14% over the last week, with a monthly amount drifted -11.06%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Zoetis Appoints Gavin D.K. Hattersley to its Board of Directors. In a post published today on Yahoo Finance, Molson Coors’ President and Chief Executive Officer brings valuable business leadership and global public company experience to Zoetis Board.
From an analyst’s perspective:
Zoetis Inc [NYSE: ZTS] stock has seen the most recent analyst activity on January 12, 2024, when Stifel reiterated its Buy rating and also boosted its price target to $215 from $195. On December 07, 2023, Exane BNP Paribas initiated with a Outperform rating and assigned a price target of $237 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $230 on September 06, 2023. Piper Sandler initiated its recommendation with a Overweight and recommended $205 as its price target on July 12, 2022. Morgan Stanley started tracking with a Overweight rating for this stock on November 18, 2021, and assigned it a price target of $40. In a note dated November 18, 2021, Morgan Stanley initiated an Overweight rating and provided a target price of $264 on this stock.
For the past year, the stock price of Zoetis Inc fluctuated between $151.03 and $201.92. Currently, Wall Street analysts expect the stock to reach $230.4 within the next 12 months. Zoetis Inc [NYSE: ZTS] shares were valued at $163.20 at the most recent close of the market. An investor can expect a potential return of 41.18% based on the average ZTS price forecast.
Analyzing the ZTS fundamentals
According to Zoetis Inc [NYSE:ZTS], the company’s sales were 8.54B for trailing twelve months, which represents an 8.48% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.49 and Total Capital is 0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 162.27 points at the first support level, and at 161.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.50, and for the 2nd resistance point, it is at 165.80.
Zoetis Inc [ZTS] reported earnings per share of $1.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.32/share, meaning a difference of -$0.08 and a surprise factor of -6.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.36 per share as compared to estimates of $1.36 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It is important to note that Zoetis Inc [NYSE:ZTS] has a current ratio of 3.36. Also, the Quick Ratio is 2.00, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 8.75, the price to book ratio is 14.97 and price to earnings (TTM) ratio is 32.19.
Transactions by insiders
Recent insider trading involved Lagano Roxanne, Executive Vice President, that happened on Mar 18 ’24 when 923.0 shares were sold. Director, Reed Willie M completed a deal on Mar 11 ’24 to sell 1370.0 shares. Meanwhile, Chief Executive Officer PECK KRISTIN C sold 13000.0 shares on Feb 20 ’24.
