Zoetis Inc [NYSE: ZTS] loss -5.15% or -8.95 points to close at $164.93 with a heavy trading volume of 12302325 shares.
The daily chart for ZTS points out that the company has recorded -12.45% loss over the past six months.
If we look at the average trading volume of 2.54M shares, ZTS reached to a volume of 12302325 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $214.93 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 1.35. 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.
Leerink Partners have made an estimate for Zoetis Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 02, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on July 25, 2024, representing the official price target for Zoetis Inc stock. Previously, the target price had yet another raise from $195 to $215, while Stifel kept a Buy rating on ZTS stock.
The Average True Range (ATR) for Zoetis Inc is set at 4.76, with the Price to Sales ratio for ZTS stock in the period of the last 12 months amounting to 8.13. The Price to Book ratio for the last quarter was 14.23, with the Price to Cash per share for the same quarter was set at 3.80. Price to Free Cash Flow for ZTS in the course of the last twelve months was 32.24 with Quick ratio for the last quarter at 2.27.
Trading performance analysis for ZTS stock
Zoetis Inc [ZTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.28. With this latest performance, ZTS shares gained by 0.32% in over the last four-week period, additionally sinking by -12.45% over the last 6 months – not to mention a drop of -16.15% 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 40.59, with the RSI for the last a single of trading hit 35.19, and the three-weeks RSI is set at 42.84 for Zoetis Inc [ZTS]. The present Moving Average for the last 50 days of trading for this stock 169.80, while it was recorded at 171.29 for the last single week of trading, and 177.35 for the last 200 days.
Zoetis Inc [ZTS]: A deeper dive into fundamental analysis
Zoetis Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.27 and a Current Ratio set at 3.69.
Zoetis Inc [ZTS]: An earnings per share (EPS) analysis
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 9.78%.
An analysis of Institutional ownership at Zoetis Inc [ZTS]
The top three institutional holders of ZTS stocks are: VANGUARD GROUP INC with ownership of 41.22 million shares, which is approximately 9.0484%. BLACKROCK INC., holding 36.84 million shares of the stock with an approximate value of $$6.39 billion in ZTS stocks shares; and BLACKROCK INC., currently with $$3.41 billion in ZTS stock with ownership which is approximately 4.3213%.
