At the last check on Thursday, Zoetis Inc.’s (NYSE:ZTS) stock was down -$2.72, moving down -1.46 percent to $183.55. The average number of shares traded per day over the past five days has been 1,241,258 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.99 fall in that time frame. In the last twenty days, the average volume was 2,198,290, while in the previous 50 days, it was 1,964,074.
Since last month, ZTS stock rose 7.41%. Shares of the company fell to $169.14 on 07/18/23, the lowest level in the past month. A 52-week high of $194.99 was reached on 07/27/23 after having rallying from a 52-week low of $124.15. Since the beginning of this year, ZTS’s stock price has risen by 25.25% or $37.56, and marked a new high 21 times. However, the stock has declined by -5.87% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
ZTS stock investors should be aware that Zoetis Inc. (ZTS) stock had its last reported insider trading activity 8 days ago on Aug 09. Polzer Robert J, the Executive Vice President of the company, disposed of 1,179 shares for $189.94 on Aug 09. It resulted in a $223,939 divestment by the insider. PECK KRISTIN C sold 13,000 shares at an average price of $176.56 on May 23. The insider now owns 56,843 shares following the transaction. On Apr 18, Executive Vice President Lagano Roxanne sold 4,338 shares at $175.94 apiece. The transaction was valued at $763,228.
Valuation Metrics
Right now, Zoetis Inc. (ZTS) has a P/E ratio of about 38.60. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 10.22, the price-to-book (PB) ratio of 18.34, and the price-to-cash flow ratio of 65.41 may also be considered.
The latest dividend of $0.3750 per share was paid out, remained unchanged from last year’s $0.3750. On Thursday December 8 2022, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, Zoetis Inc.’s quick ratio stood at 2.00, while its current ratio was 3.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.42, and the total debt-to-equity ratio was 1.42. On the profitability front, the trailing twelve-month gross margin is 70.60% percent. In the year ended June 29, EBITDA margin amounted to 41.99%, whereas operating margins totaled 34.40%. Based on annual data, ZTS earned $5.63 billion in gross profit and brought in $8.08 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.20%. Return on equity (ROE) for the past 12 months was 48.70%.
In Zoetis Inc.’s quarter-end financial report for June 29, it reported total debt of $6.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZTS’s revenue rose 5.87% to $2.0 billion during the quarter, while net income inched up to $2.18 billion. While analysts expected Zoetis Inc. to report $1.31 quarterly earnings, the actual figure was $1.41 per share, beating the consensus estimate by 7.60%. During the quarter, the company generated $1.05 billion in EBITDA. The liabilities of Zoetis Inc. were 9.13 billion at the end of its most recent quarter ended June 29, and its total debt was $6.78 billion. The value of shareholders’ equity is $460.32 million.
Technical Picture
This quick technical analysis looks at Zoetis Inc.’s (ZTS) price momentum. With a historical volatility rate of 27.35%, the RSI 9-day stood at 46.58% on 16 August.
With respect to its five-day moving average, the current Zoetis Inc. price is down by -2.64% percent or -$4.99. At present, ZTS shares trade +7.28% above its 20-day simple moving average and +12.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.21% above its SMA50 and +20.11% above its SMA200.
Stochastic coefficient K was 57.04% and Stochastic coefficient D was 64.52%, while ATR was 4.07. Given the Stochastic reading of 44.94% for the 14-day period, the RSI (14) reading has been calculated as 51.93%. As of today, the MACD Oscillator reading stands at -1.10, while the 14-day reading stands at 0.54.
Analyst Ratings
Piper Sandler launched its rating on Zoetis Inc. (NYSE: ZTS) to an Overweight in a note to investors on July 12, 2022. Zoetis Inc. (ZTS) has been rated Buy by analysts. According to 0 brokerage firms, ZTS is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Zoetis Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $220.00, the current consensus forecast for the stock is $190.00 – $260.00. Based on these forecasts, analysts predict Zoetis Inc. (ZTS) will achieve an average price target of $221.00.
