Zoetis Inc. (NYSE:ZTS) has been upgraded by JP Morgan, which now rates the stock as Overweight versus Neutral prior rating , according to a note issued on October 15. Analysts at Stifel, shed their positive views on August 22 by lowering it fromBuy to Hold. Brokerage firm Stifel, looks cautious as they stick to prior recommendation of Buy, in a call on August 03. However, they did change the target price from $86 to $95. Citigroup, reiterated their call for Buy, on April 19. On the other hand, they had set new target price to $98 versus $85.
Zoetis Inc. (ZTS) hit an intraday high Thursday at $90.5. The shares finished at $90.41, after trading as low as $87.5 earlier in the session. It dropped -0.18% in recent trade and currently has a stock-market value of $43.58B. Trading activity significantly improved as the volume at ready counter increased to 2,992,447 shares versus 2,297,415 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,520,140 shares. The stock is now 28.79% above against its bear-market low of $70.2 on February 09, 2018. It has retreated -6.81% since it’s 52-week high of $96.57 reached in November. Now the market price is up 27.61% on the year and up 25.5% YTD.
ZTS’s 50 day simple moving average (SMA 50) price is $91.52 and its 200-day simple moving average (SMA 200) price is $87.23. The company’s stock currently has a total float of 479.06M shares. Its weekly volatility is hovering around 2.59% and felt 2.2% volatility in price over a month. On the upside, the share price will test short term resistance at around $91.44. On a downside, the stock is likely to find some support, which begins at $88.44. The failure to get near-term support could push it to $86.47.
Separately, it has been reported that multiple insider activity took place at Zoetis Inc. (ZTS). Executive Vice President Chen Heidi C. sold 2,500 shares for $17,662 in transaction occurred on 2018/12/03. After making this transaction, the Executive Vice President owns a direct stake of 233,775 shares, worth $1,596,821, as per the last closing price. On 2018/11/30 Reed Willie M, Director at ZTS, dumped 3,205 shares at an average price of $93.74 per share. The selling total is valued at $51,172.
Executive Vice President, Peck Kristin C had divested 11,500 shares for $33,652 through a trade on 2018/11/12. Following this activity, the insider holds 1,089,970 shares worth $3,042,477 as of recent close. Wall Street’s most bullish Zoetis Inc. (NYSE:ZTS) analysts are predicting the share price to blow past $114 per share during the next 12 months. The current median share price forecast by them is $100, suggesting that the stock could increase 10.61% in that time frame. The average price target of $98.25 calls for a nearly 8.67% increase in the stock price.
When looking at valuations, Zoetis Inc. (ZTS) has a cheap P/E of 30.78x as compared to industry average of 31.13x. Moreover, it trades for 26.15 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 20.59x price/book and 7.62x price/sales. Compared to others, Zoetis Inc. is in a different league with regards to profitability, having net margins of 20.3%. To put some perspective around this, the industry’s average net margin is 11.16%. ZTS’s ROE is 59.6%, which is also considerably better than the industry’s ROE of 16.92%. It’s also very liquid in the near term, with a current ratio of 4.1. The stock has a debt/capital of 0.
Shares of Zoetis Inc. (ZTS) have gained 0.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Zoetis Inc. (NYSE:ZTS) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 0 quarters (0%), whereas at 1 occasion EPS met analyst expectations. ZTS last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.83 per share, -89.44% change on the same period last year. That was better than consensus for $0.77. Revenue for the recent quarter stood at $1.48 billion, up 10% on last year and above the $1.45 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.49 billion to $1.55 billion, which should be compared with $1.48 billion generated last year. EPS is seen in a range of $0.73 to $0.79, against the $0.73 reported a year ago.