Zoetis Inc (NYSE: ZTS) – Not A Clear Buying Opportunity?

Zoetis Inc (ZTS) concluded trading on Thursday at a closing price of $174.63, with 3.0 million shares of worth about $523.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.53% during that period and on November 14, 2024 the price saw a loss of about -1.36%. Currently the company’s common shares owned by public are about 458.37M shares, out of which, 450.80M shares are available for trading.

Stock saw a price change of 0.22% in past 5 days and over the past one month there was a price change of -10.19%. Year-to-date (YTD), ZTS shares are showing a performance of -11.52% which increased to 1.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $144.80 but also hit the highest price of $201.92 during that period. The average intraday trading volume for Zoetis Inc shares is 1.98 million. The stock is currently trading -3.09% below its 20-day simple moving average (SMA20), while that difference is down -6.79% for SMA50 and it goes to -2.29% lower than SMA200.

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Zoetis Inc (NYSE: ZTS) currently have 458.37M outstanding shares and institutions hold larger chunk of about 96.30% of that.

The stock has a current market capitalization of $78.79B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 32.83, while it has posted earnings per share of $5.32 in the same period. Its PEG reads 3.53 and has Quick Ratio of 2.27 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZTS, volatility over the week remained 2.04% while standing at 2.34% over the month.

Stock’s fiscal year EPS is expected to rise by 10.67% while it is estimated to increase by 8.41% in next year. EPS is likely to shrink at an annualized rate of 9.29% for next 5-years, compared to annual growth of 11.57% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on July 25, 2024 offering a Buy rating for the stock and assigned a target price of $220 to it. Coverage by Stifel stated Zoetis Inc (ZTS) stock as a Buy in their note to investors on January 12, 2024, suggesting a price target of $215 for the stock. On December 19, 2023, Jefferies Resumed their recommendations, while on December 07, 2023, Exane BNP Paribas Initiated their ratings for the stock with a price target of $237. Stock get a Buy rating from HSBC Securities on September 06, 2023.

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