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Zoetis Inc (ZTS) – Don’t Be So Quick to Call it Dead

Zoetis Inc (NYSE: ZTS) is -8.78% lower on its value in year-to-date trading and has touched a low of $144.80 and a high of $201.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZTS stock was last observed hovering at around $181.83 in the last trading session, with the day’s loss setting it -1.79%.

Currently trading at $180.04, the stock is 0.86% and 2.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing -0.98% at the moment leaves the stock 1.67% off its SMA200. ZTS registered -4.28% loss for a year compared to 6-month loss of -5.95%.

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The stock witnessed a 4.32% gain in the last 1 month and extending the period to 3 months gives it a 13.06%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 2.05% over the month.

Zoetis Inc (ZTS) has around 14100 employees, a market worth around $82.15B and $8.73B in sales. Current P/E ratio is 34.70 and Fwd P/E is 28.15. Profit margin for the company is 27.38%. Distance from 52-week low is 24.34% and -10.84% from its 52-week high. The company has generated returns on investments over the last 12 months (20.26%).

Zoetis Inc quarterly earnings per share for the current quarter are estimated at $1.49 with sales reaching $2.31B over the same period.The EPS is expected to grow by 8.42% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 6.70% in year-over-year returns.

The shares outstanding are 458.37M, and float is at 455.91M with Short Float at 1.16%.

Zoetis Inc (ZTS) Insider Activity

The most recent transaction is an insider sale by Lagano Roxanne, the company’s Executive Vice President. SEC filings show that Lagano Roxanne sold 923 shares of the company’s common stock on Apr 18 ’24 at a price of $151.17 per share for a total of $0.14 million. Following the sale, the insider now owns 14800.0 shares.

Zoetis Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Lagano Roxanne (Executive Vice President) sold a total of 923 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $173.33 per share for $0.16 million. Following the transaction, the insider now directly holds 15723.0 shares of the ZTS stock.

Still, SEC filings show that on Mar 11 ’24, Reed Willie M (Director) disposed off 1,370 shares at an average price of $182.68 for $0.25 million. The insider now directly holds 9,994 shares of Zoetis Inc (ZTS).

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