Zoetis Inc [NYSE: ZTS] traded at a low on Monday, posting a -0.14 loss after which it closed the day’ session at $149.77.
The results of the trading session contributed to over 8445586 shares changing hands. Over the past one week, the price volatility of Zoetis Inc stands at 2.73% while the volatility over the past one month is 2.33%.
The market cap for ZTS stock reached $68.58 billion, with 458.37 million shares outstanding and 457.47 million shares in the current float. Compared to the average trading volume of 3.04M shares, ZTS reached a trading volume of 8445586 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Zoetis Inc [ZTS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZTS shares is $225.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZTS stock is a recommendation set at 1.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Zoetis Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 12, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on December 19, 2023, representing the official price target for Zoetis Inc stock. Previously, the target price had yet another raise to $237, while Exane BNP Paribas analysts kept a Outperform rating on ZTS stock.
The Average True Range (ATR) for Zoetis Inc is set at 4.73, with the Price to Sales ratio for ZTS stock in the period of the last 12 months amounting to 8.03. The Price to Book ratio for the last quarter was 13.74, with the Price to Cash per share for the same quarter was set at 4.46. Price to Free Cash Flow for ZTS in the course of the last twelve months was 42.30 with Quick ratio for the last quarter at 2.00.
How has ZTS stock performed recently?
Zoetis Inc [ZTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.61. With this latest performance, ZTS shares dropped by -13.87% in over the last four-week period, additionally sinking by -14.08% over the last 6 months – not to mention a drop of -13.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZTS stock in for the last two-week period is set at 21.07, with the RSI for the last a single of trading hit 16.20, and the three-weeks RSI is set at 25.45 for Zoetis Inc [ZTS]. The present Moving Average for the last 50 days of trading for this stock 179.55, while it was recorded at 158.56 for the last single week of trading, and 180.73 for the last 200 days.
Zoetis Inc [ZTS]: Deeper insight into the fundamentals
Zoetis Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.36.
Earnings analysis for Zoetis Inc [ZTS]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zoetis Inc go to 9.73%.
Insider trade positions for Zoetis Inc [ZTS]
The top three institutional holders of ZTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ZTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ZTS stock with ownership which is approximately 5.8386%.
