Why You Need Zoetis Inc. (ZTS) On Your Watchlist

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Zoetis Inc. (NYSE:ZTS) saw a downside of -0.52% to close Tuesday at $165.89 after subtracting -$0.86 on the day. The 5-day average trading volume is 3,117,700 shares of the company’s common stock. It has gained $177.39 in the past week and touched a new high 5 times within the past 5 days. An average of 2,224,130 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,356,400.

ZTS’s 1-month performance is 14.47% or $20.13 on its low of $141.52 reached on 01/06/23. The company’s shares have touched a 52-week low of $124.15 and high of $205.30, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, ZTS has achieved 13.20% or $19.34 and has reached a new high 11 times. However, the current price is down -19.20% from the 52-week high price.

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Insider Transactions

ZTS stock investors last saw insider trading activity on Jul 22.Lagano Roxanne (Executive Vice President) most recently sold 2,167 shares at $180.26 per share on Jul 22. This transaction cost the insider $390,623. Chief Executive Officer, PECK KRISTIN C, sold 9,689 shares at a price of $180.00 on Jul 21. Then, on Jul 07, Chief Executive Officer PECK KRISTIN C sold 311 shares at a price of $180.00 per share. This transaction amounted to $55,980.

Valuation Metrics

ZTS stock has a beta of 0.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.55 while the price-to-book (PB) in the most recent quarter is 16.64, with the price to cash flow ratio at 110.78.

Zoetis Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 2.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.12, while the total debt to equity was 1.41.. In terms of profitability, the gross margin trailing 12 months is 70.20%. The firm’s gross profit as reported stood at $5.47 billion against revenue of $7.78 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -4.35% to $529.0 million, while revenue of $529.0 million was 0.0% off the previous quarter. Analysts expected ZTS to announce $1.22 per share in earnings in its latest quarter, but it posted $1.2, representing a -1.60% surprise. EBITDA for the quarter stood at more than $835.0 million. ZTS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.01 billion, with total debt at $6.76 billion. Shareholders hold equity totaling $466.07 million.

Let’s look briefly at Zoetis Inc. (ZTS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 76.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 13.86%.

The stock’s 5-day moving average is $163.67, reflecting a +3.96% or $6.32 change from its current price. ZTS is currently trading +14.38% above its 20-day SMA, +5.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.57% and SMA200 by-13.32%.

Stochastic %K and %D was 86.68% and 91.62% and the average true range (ATR) pointed at 7.23. The RSI (14) points at 70.29%, while the 14-day stochastic is at 67.94% with the period’s ATR at 6.09. The stock’s 9-day MACD Oscillator is pointing at 3.63 and 8.33 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Zoetis Inc. (NYSE: ZTS), Piper Sandler launched coverage with an Overweight rating.

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