Zoetis Inc. [NYSE: ZTS] The loss -3.16% or -4.68 points closed at $143.60 with a heavy trading volume of 2816716 shares. The company reported on November 8, 2022 that Zoetis announced the pricing of the $1.35 billion Senior Notes.
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Zoetis Inc. (NYSE: ZTS) announced today that it has agreed to sell $1.35 billion of senior notes, including $600 million aggregate principal amount of 2025 5.400% Senior Notes due 2025 and $750 million aggregate principal amount of 2032 5.600% Senior Notes due million included. In an underwriting public offering.
Zoetis intends to use the net proceeds to repay the principal amount of its 3.250% senior notes due 2023 for an aggregate principal amount of $1.35 billion and the remainder, if any, for general corporate purposes. The offering is expected to close on November 16, 2022, subject to customary closing conditions.
It opened the trading session at $146.60, shares rose to $146.88 and fell to $142.72, the range in which the stock price traded throughout the day. The daily chart for ZTS shows that the company has registered a loss of -9.47% in the last six months. However, it is still -15.67% lower than its most recent trading low.
If we look at the average trading volume of 2.15M shares, ZTS reached a volume of 2816716 in the most recent trading day, which is why market watchdogs consider the stock active.
Here are top equity market gurus from Zoetis Inc. What are you saying about. [ZTS],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for ZTS shares is $214.91 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on ZTS stock is a recommendation at 1.80. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Piper Sandler has maintained her view on the stock as Overweight, Zoetis Inc. with its previous recommendation on July 12, 2022. The new Note on Price Target was issued on November 18, 2021, which Zoetis Inc. Represents the official price target of the stock. Earlier, the target price was raised once again to $264, while analysts at Morgan Stanley maintained an overweight rating on ZTS stock.
Zoetis Inc. The Average True Range (ATR) for ZTS is set at 5.54, the Price to Sales ratio for ZTS stock is 8.02 over the trailing 12 months period. The Price to Book ratio for the previous quarter was 14.40, the Price to Cash per share for the same quarter was set at 5.59. Price to Free Cash Flows for ZTS over the trailing twelve months was 93.12, with a quick ratio of 1.50 for the last quarter.
Trading Performance Analysis for ZTS Stock
Zoetis Inc. [ZTS] Moved into the green zone at the end of last week, in a positive trend and with a gain of 0.69. With this latest performance, ZTS shares are down -3.06% over the past four-week period, as well as down -9.47% over the past 6 months — referencing a -35.28% decline over the past year of trading. Not there.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the last two weeks period for the ZTS stock is set at 47.27, the RSI for the last single of the trading hit is at 47.85, and the Zoetis Inc. The three-week RSI for is set at 46.50. [ZTS], The current moving average of this stock for last 50 days of trade is 149.43, while for last one week it was recorded at 147.34 and for last 200 days it is 170.69.
Zoetis Inc. [ZTS]: A Deep Dive into Fundamental Analysis
Operating margin for any stock indicates how profitable an investment will be, and Zoetis Inc. [ZTS] The shares currently has an Operating Margin of +36.05 and Gross Margin at +68.31. Zoetis Inc. Net Margin is currently recorded at +26.20.
The return on equity for this stock with a tilt of 49.01, with the return on assets sitting at 14.81.
Zoetis Inc. Equally intriguing is its liquidity data, with a quick ratio of 1.50 and a current ratio set at 2.30.
Zoetis Inc. [ZTS]: Earnings Per Share (EPS) Analysis
The company’s progress can be viewed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for ZTS. When it comes to quoted price, analysts recommend Zoetis Inc. The 5-year EPS growth rate for is expected to go up to 10.07%.
Zoetis Inc. Analysis of insider ownership. [ZTS]
Institutional investors currently hold $61,586 million or 94.40% of ZTS stock. The top three institutional holders of ZTS stock are: BLACKROCK INC with ownership of 41,203,732, which is approximately -5.193% of the company’s market cap and approximately 0.26% of total institutional ownership; Vanguard Group Inc. holds 36,550,676 shares of ZTS stock with an estimated value of $5.25 billion in shares; and STATE STREET CORP, with $2.84 billion in ZTS stock currently holding approximately 0.422% of the company’s market capitalization.
Zoetis Inc. Shares positions held by institutional investors in Zoetis Inc. increased at the end of November and at the time of the November reporting period, where 670 institutional holders held Zoetis Inc. I increased my position. [NYSE:ZTS] By approximately 17,669,766 shares. Additionally, 718 investors reduced positions by approximately 18,946,778 shares, while 260 investors held positions totaling 392,254,296 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 428,870,840 shares. There were 89 new institutional investments in ZTS stock for a total of 1,473,024 shares, while 128 institutional investors sold 1,070,742 shares during the same period.